https://www.taxtmi.com/caselaws?id=245810 The court set aside the Appellate Tribunal and Assessment Order, remitting the matter for fresh consideration. The Assessing Officer must allow the appellant to present evidence supporting the treatment of the amount as a business loss, emphasizing the necessity for proper documentation and reflection in the accounts. The decision partially allowed the appeal, requiring reassessment based on these criteria. en-us Wed, 12 Mar 2014 00:00:00 +0530 Tue, 08 Apr 2014 12:29:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245810 The court set aside the Appellate Tribunal and Assessment Order, remitting the matter for fresh consideration. The Assessing Officer must allow the appellant to present evidence supporting the treatment of the amount as a business loss, emphasizing the necessity for proper documentation and reflection in the accounts. The decision partially allowed the appeal, requiring reassessment based on these criteria. Case-Laws Income Tax Wed, 12 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245810