Inventory.

pratik (Querist) 14 June 2012 This query is : Resolved
There is judgment of ITAT that depreication can't be claim on inventory which is for sale as per the section 145 & AS -2 .

The above query is related to the supermarket in which the assessee is claiming the depreication the stock which he is selling to the customer.

Thanks

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Nadeem Qureshi (Expert) 15 June 2012
Dear Pratik
What is your query?

R.K Nanda (Expert) 15 June 2012
Vague query.

pratik (Querist) 15 June 2012
it is related to income tax act, 1961 & accounting standards - 2.

So jurist ple help me.

pls jurist it is a request that if one answer is available then ple don't comment on it becasue then the query is not mark as open it is closed & i have again type the question.

Thanks

Shonee Kapoor (Expert) 19 June 2012
Meaning what??? Unable to understand anything.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

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