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![All known Losses should be Provided even if it is not Actually Incurred: ITAT deletes Addition on Valuation of Closing Stocks [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Losses-ITAT-Deletes-Addition-on-Valuation-of-Closing-Stocks-Valuation-of-Closing-Stocks-Closing-Stocks-Valuation-ITAT-Deletes-Addition-taxscan.jpg "All known Losses should be Provided even if it is not Actually Incurred: ITAT deletes Addition on Valuation of Closing Stocks [Read Order]")
All known Losses should be Provided even if it is not Actually Incurred: ITAT deletes Addition on Valuation of Closing Stocks [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that that there is no reason to disbelieve the value of closing work in progress...
![ITAT allows Delhi Public School Society’s claim of Carry Forward of Losses [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-Delhi-Public-School-Society-losses-Taxscan.jpg "ITAT allows Delhi Public School Society’s claim of Carry Forward of Losses [Read Order]")
![Losses incurred by eligible units can’t be set off against income of other units: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Losses-eligible-units-income-of-other-units-ITAT-Taxscan-1.jpg "Losses incurred by eligible units can’t be set off against income of other units: ITAT [Read Order]")
![No Tax applicable on Securities Premium even if used to set off losses: ITAT deletes addition against Hindustan Coca Cola [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Tax-applicable-Securities-Premium-losses-ITAT-Coca-Cola-Taxscan-1.jpg "No Tax applicable on Securities Premium even if used to set off losses: ITAT deletes addition against Hindustan Coca Cola [Read Order]")
