https://www.taxtmi.com/caselaws?id=779668 ITAT DELHI - AT set aside and restored to the file of the CIT(A) the additions concerning enhancement of closing stock valuation and lower realization on sale of old/unused stock for de novo adjudication, directing fresh inquiry, report from the AO and opportunity to both parties. The deletion by the CIT(A) on those two issues was held to be casual and therefore reopened. The deletion of the addition for bad debts was upheld, the tribunal finding the assessee had written off the debts in books and offered the amounts to tax earlier, in line with SC precedent. en-us Wed, 22 Jan 2025 00:00:00 +0530 Fri, 10 Oct 2025 08:44:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779668 ITAT DELHI - AT set aside and restored to the file of the CIT(A) the additions concerning enhancement of closing stock valuation and lower realization on sale of old/unused stock for de novo adjudication, directing fresh inquiry, report from the AO and opportunity to both parties. The deletion by the CIT(A) on those two issues was held to be casual and therefore reopened. The deletion of the addition for bad debts was upheld, the tribunal finding the assessee had written off the debts in books and offered the amounts to tax earlier, in line with SC precedent. Case-Laws Income Tax Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779668