https://www.taxtmi.com/caselaws?id=76186 The High Court affirmed the Tribunal's decisions in dismissing the appeals. The expenditure of Rs. 72,60,300 was deemed revenue expenditure as it was exclusively for business purposes and did not result in new capital assets. The issue of bad debts written off was remanded for fresh adjudication to comply with statutory conditions under section 36(1)(vii) of the Income-tax Act, 1961. The Court held that issues remanded for fresh determination do not warrant adjudication at that stage. The appeals were dismissed, and the order was directed to be placed on the file of the connected appeal. en-us Fri, 22 Jan 2010 00:00:00 +0530 Sun, 13 Jun 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76186 The High Court affirmed the Tribunal's decisions in dismissing the appeals. The expenditure of Rs. 72,60,300 was deemed revenue expenditure as it was exclusively for business purposes and did not result in new capital assets. The issue of bad debts written off was remanded for fresh adjudication to comply with statutory conditions under section 36(1)(vii) of the Income-tax Act, 1961. The Court held that issues remanded for fresh determination do not warrant adjudication at that stage. The appeals were dismissed, and the order was directed to be placed on the file of the connected appeal. Case-Laws Income Tax Fri, 22 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76186