https://www.taxtmi.com/caselaws?id=185872 The Tribunal dismissed the appeals filed by the Revenue, affirming the decision of the Commissioner (Appeals) to allow the business loss claimed by the assessee. The Tribunal held that the loss was directly related to business operations and allowable as a business loss, referencing various case laws to support its decision. en-us Fri, 22 Jul 2011 00:00:00 +0530 Wed, 31 Aug 2016 16:23:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185872 The Tribunal dismissed the appeals filed by the Revenue, affirming the decision of the Commissioner (Appeals) to allow the business loss claimed by the assessee. The Tribunal held that the loss was directly related to business operations and allowable as a business loss, referencing various case laws to support its decision. Case-Laws Income Tax Fri, 22 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185872