During the year, the assessee had written off the sum of Rs. 84.57 lakhs on account of sundry balance written off which represented stock written off in respect of garment stock and stock of trims and only a small portion of the total represented sundry debtors written off. The assessing Officer rejected the claim. On appeal, Commissioner (Appeals) allowed the claim by accepting contentions that this was a mistake in classification as said written-offs were made under the wrong head, however, undoubtedly represented business loss and was allowable. On appeal, the Tribunal held that even stocks written off which were rendered unserviceable represented a business loss and had to be allowed while computing the income of the assessee though the assessee had made claim under head sundry balance written off. (AY. 2011-12)