https://www.taxtmi.com/caselaws?id=272840 The High Court of Madhya Pradesh upheld the decision of the Tribunal, ruling that the waived loan amount should not be treated as income for the assessee as the principal amount of the loan was never claimed as expenditure. The Court found no error in the Tribunal's decision and dismissed the appeal, stating that no question of law arose in the matter. en-us Tue, 08 Oct 2013 00:00:00 +0530 Mon, 21 May 2018 12:18:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272840 The High Court of Madhya Pradesh upheld the decision of the Tribunal, ruling that the waived loan amount should not be treated as income for the assessee as the principal amount of the loan was never claimed as expenditure. The Court found no error in the Tribunal's decision and dismissed the appeal, stating that no question of law arose in the matter. Case-Laws Income Tax Tue, 08 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272840