https://www.taxtmi.com/caselaws?id=9921 The High Court dismissed the appeals and upheld the Commissioner of Income-tax (Appeals)'s decision to allow all expenditure incurred by the appellant to be deducted from taxable receipts. The court emphasized that the Assessing Officer must reassess in line with Supreme Court judgments, determining the deductibility of expenses based on the indivisibility of the assessee's business without further review by the Tribunal. The Tribunal's remand to the Assessing Officer for reassessment was deemed appropriate, highlighting the need for a proper interpretation of the law and consistent application of relevant legal principles. en-us Tue, 05 Sep 2006 00:00:00 +0530 Fri, 03 Jul 2009 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9921 The High Court dismissed the appeals and upheld the Commissioner of Income-tax (Appeals)'s decision to allow all expenditure incurred by the appellant to be deducted from taxable receipts. The court emphasized that the Assessing Officer must reassess in line with Supreme Court judgments, determining the deductibility of expenses based on the indivisibility of the assessee's business without further review by the Tribunal. The Tribunal's remand to the Assessing Officer for reassessment was deemed appropriate, highlighting the need for a proper interpretation of the law and consistent application of relevant legal principles. Case-Laws Income Tax Tue, 05 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9921