Tax Officer Rejects Obsolete Inventory Write-Off Claim Due to Insufficient Details Provided by Assessee.

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....Disallowance of obsolete inventory written off - the assessee should produce the details of inventory, year of manufacturing/purchase, how it is to be used and how it can be construed that it has no value. Since the assessee failed to give any such details; therefore, the Assessing Officer has disallowed it. - AT....