Held that in the instant case, it was not shown that the write off was related to a contingency that existed as on March 31, 2002. On the contrary, there could not be any contingency with regard to the raw material or finished goods. Order of CIT(A) was affirmed. (AY.2002-03)
Herbalife International India Pvt. Ltd. v. Dy. CIT (2022)100 ITR 456 (Bang) (Trib)
S. 145 : Method of accounting-Inventory write off-Failure to provide the evidence-Not allowable as deduction. [S. 28(i)]