Monday, July 20, 2020

Obsolete stocks of laptops & motherboards which couldn’t be sold is allowable as expenditure: Bombay HC

INCOME TAX: Obsolete stock which was not disposed off or sold was allowable as expenditure under section 37(1)

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000193609/obsolete-stocks-of-laptops-motherboards-which-couldn’t-be-sold-is-allowable-as-expenditure-bombay-hc.aspx
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