Inventory Write-Off Claim Denied: Items Sold Later for Rs. 5,00,000 Prove Value at Year-End.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Value of inventories written off as obsolete disallowed - the inventories were sold in subsequent years for ₹ 5,00,000/-, therefore, the claim of the assessee that these inventories had Nil value as at the end of the year under appeal cannot be accepted - AT....


TaxTMI