Taxpayer's Premature Insurance Write-off Sparks Accounting Accuracy Concerns in Fire Loss Claim Settlement Discrepancy.

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....Addition on account of insurance claim - ascertaining actual loss of stock in fire - we fail to understand as to why and how the assessee has written off partial claim of insurance amounting to ₹ 1 crore in the year under consideration before final settlement of such claim by the Insurance company which was allowed at ₹ 3,40,388/- in the subsequent year - AT....