https://www.taxtmi.com/caselaws?id=188117 The Tribunal upheld the allowability of the set off of the loss on account of forfeiture of license fee as business loss against income assessed under section 69. The decision was based on the specific circumstances of the case and the relevant legal provisions and judicial precedents cited during the proceedings. The Tribunal dismissed the Revenue's appeal, affirming the decision of the lower authorities in favor of the assessee. en-us Tue, 16 Apr 2013 00:00:00 +0530 Fri, 19 May 2017 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188117 The Tribunal upheld the allowability of the set off of the loss on account of forfeiture of license fee as business loss against income assessed under section 69. The decision was based on the specific circumstances of the case and the relevant legal provisions and judicial precedents cited during the proceedings. The Tribunal dismissed the Revenue's appeal, affirming the decision of the lower authorities in favor of the assessee. Case-Laws Income Tax Tue, 16 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188117