2009 (11) TMI 41

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....hi Dhugga, Advocate for the revenue. Adarsh Kumar Goel,J. 1. This appeal has been preferred by the assessee under section 260A of the Income Tax Act, 1961 (in short, 'the Act') against the order of the Income Tax Appellate Tribunal, Chandigarh Bench 'B', Chandigarh in ITA No.341/Chandi/2006 dated 11.1.2008, for the assessment year 2002-03, proposing to raise following substantial question of law....

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....rne by the assessee. Leave alone the substantiation of such plea there is no evidence to show as to in what manner the stock in question had become bad or unservable. Therefore, in the absence of any evidence to support the claim, the assessee has to fail in this ground. Accordingly, we upheld the action of the Income Tax authorities in disallowing a sum of Rs.4,81,151/- claimed to be loss on acco....