https://www.taxtmi.com/caselaws?id=249604 The appeal was partly allowed for statistical purposes. The disallowance of expenses as capital expenditure was reversed, and the carry forward of business loss was allowed due to the belated return filing. The treatment of a receipt as income was dismissed. The issue of double taxation of income already offered in previous years was remitted back to the Assessing Officer for proper computation. en-us Fri, 30 May 2014 00:00:00 +0530 Sat, 28 Feb 2015 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249604 The appeal was partly allowed for statistical purposes. The disallowance of expenses as capital expenditure was reversed, and the carry forward of business loss was allowed due to the belated return filing. The treatment of a receipt as income was dismissed. The issue of double taxation of income already offered in previous years was remitted back to the Assessing Officer for proper computation. Case-Laws Income Tax Fri, 30 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249604