https://www.taxtmi.com/caselaws?id=214819 The Tribunal allowed the appeals of the assessees, holding that the amounts added under Section 68 were actually trade credits and should have been considered under Section 41(1). Consequently, the set-off of business loss against this income was permissible, and the CIT's order under Section 263 was set aside. The Tribunal's decision was based on a thorough examination of the facts, submissions, and relevant judicial precedents. en-us Fri, 25 May 2012 00:00:00 +0530 Mon, 16 Jul 2012 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214819 The Tribunal allowed the appeals of the assessees, holding that the amounts added under Section 68 were actually trade credits and should have been considered under Section 41(1). Consequently, the set-off of business loss against this income was permissible, and the CIT's order under Section 263 was set aside. The Tribunal's decision was based on a thorough examination of the facts, submissions, and relevant judicial precedents. Case-Laws Income Tax Fri, 25 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214819