https://www.taxtmi.com/caselaws?id=198927 The court remanded the case for further evidence and proper calculations on all four issues: calculation of gross profits, income-tax, working capital, and rehabilitation for all four years. The tribunal's initial calculations were found to be flawed, particularly in considering revaluation of stock for gross profits, using notional normal depreciation for income-tax, and inaccurately assessing working capital and rehabilitation. The court emphasized the need for accurate evidence and adherence to established principles in determining these financial aspects. The tribunal was directed to recalculate the available surplus within three months based on the court's observations. en-us Thu, 11 Apr 1963 00:00:00 +0530 Tue, 13 Feb 2018 11:57:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198927 The court remanded the case for further evidence and proper calculations on all four issues: calculation of gross profits, income-tax, working capital, and rehabilitation for all four years. The tribunal's initial calculations were found to be flawed, particularly in considering revaluation of stock for gross profits, using notional normal depreciation for income-tax, and inaccurately assessing working capital and rehabilitation. The court emphasized the need for accurate evidence and adherence to established principles in determining these financial aspects. The tribunal was directed to recalculate the available surplus within three months based on the court's observations. Case-Laws Indian Laws Thu, 11 Apr 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198927