https://www.taxtmi.com/caselaws?id=55526 The appeal was partly allowed for statistical purposes, with the Tribunal directing the Assessing Officer to determine the appropriate year for allowing the deduction related to the undisclosed stock value in the closing stock. The decision emphasized the importance of verifying the actual occurrence of the loss and determining the correct assessment year for claiming the deduction, resulting in a favorable outcome for the assessee on this issue. en-us Fri, 13 Jan 1995 00:00:00 +0530 Sat, 27 Nov 2010 15:11:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55526 The appeal was partly allowed for statistical purposes, with the Tribunal directing the Assessing Officer to determine the appropriate year for allowing the deduction related to the undisclosed stock value in the closing stock. The decision emphasized the importance of verifying the actual occurrence of the loss and determining the correct assessment year for claiming the deduction, resulting in a favorable outcome for the assessee on this issue. Case-Laws Income Tax Fri, 13 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55526