Company Reassesses Stale Cheques; Audit Finds Additions Shouldn't Have Been Made This Year.

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....Disallowance of Stale Cheque - As perused the assessment order. The assessee is a public sector company, audited by C&AG. The assessee has been following regular system of crediting stale cheques back to the accounts as and when it thinks that the liability has ceased to exist. - the additions could not have been made in the current year. - AT....