https://www.taxtmi.com/caselaws?id=220862 The High Court upheld the Tribunal's decision to remand the disallowance of business loss claimed by the assessee for fresh consideration by the Assessing Officer. Regarding the disallowance of bad debts, the High Court affirmed the Tribunal's decision to allow the claim, stating that once debts were written off in the books, further proof of their bad nature was unnecessary. The High Court also dismissed the Revenue's appeal on the disallowance of the loss on windmills, upholding the Tribunal's decision that the claimed loss was allowable and rejecting the argument that it constituted a capital loss. en-us Mon, 21 Jan 2013 00:00:00 +0530 Mon, 11 Feb 2013 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220862 The High Court upheld the Tribunal's decision to remand the disallowance of business loss claimed by the assessee for fresh consideration by the Assessing Officer. Regarding the disallowance of bad debts, the High Court affirmed the Tribunal's decision to allow the claim, stating that once debts were written off in the books, further proof of their bad nature was unnecessary. The High Court also dismissed the Revenue's appeal on the disallowance of the loss on windmills, upholding the Tribunal's decision that the claimed loss was allowable and rejecting the argument that it constituted a capital loss. Case-Laws Income Tax Mon, 21 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220862