https://www.taxtmi.com/caselaws?id=342000 The High Court partially allowed the Tax Case (Appeal) by remanding the first and second issues back to the assessing officer for fresh consideration regarding the deduction of bad debts and long-term capital loss on the sale of shares. The court rejected the third issue of business loss from the cancellation of a hire purchase agreement due to lack of substantiation. No costs were awarded, and the miscellaneous petition was closed. en-us Wed, 12 Apr 2017 00:00:00 +0530 Sat, 22 Apr 2017 06:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342000 The High Court partially allowed the Tax Case (Appeal) by remanding the first and second issues back to the assessing officer for fresh consideration regarding the deduction of bad debts and long-term capital loss on the sale of shares. The court rejected the third issue of business loss from the cancellation of a hire purchase agreement due to lack of substantiation. No costs were awarded, and the miscellaneous petition was closed. Case-Laws Income Tax Wed, 12 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342000