https://www.taxtmi.com/caselaws?id=331944 The Tribunal allowed the assessee's appeal for Assessment Year 2005-06, challenging the denial of business loss claim by the Assessing Officer. The Tribunal found the business loss claim and interest expenditure justified, directing the Assessing Officer to recompute the total income. This decision was applied to the appeal for Assessment Year 2006-07 as well, resulting in the allowance of both appeals. en-us Fri, 29 Jul 2016 00:00:00 +0530 Tue, 06 Sep 2016 13:22:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331944 The Tribunal allowed the assessee's appeal for Assessment Year 2005-06, challenging the denial of business loss claim by the Assessing Officer. The Tribunal found the business loss claim and interest expenditure justified, directing the Assessing Officer to recompute the total income. This decision was applied to the appeal for Assessment Year 2006-07 as well, resulting in the allowance of both appeals. Case-Laws Income Tax Fri, 29 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331944