https://www.taxtmi.com/caselaws?id=15005 The Tribunal's determination of income from undisclosed sources was upheld, and the value of the property was deemed correct. Legal expenses were not considered allowable deductions as they were not related to the business. The court allowed the deduction for bad debt incurred due to the winding up of a subsidiary company. The court answered the questions accordingly and no costs were awarded to either party. en-us Mon, 27 Mar 2000 00:00:00 +0530 Mon, 27 Jul 2009 15:47:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15005 The Tribunal's determination of income from undisclosed sources was upheld, and the value of the property was deemed correct. Legal expenses were not considered allowable deductions as they were not related to the business. The court allowed the deduction for bad debt incurred due to the winding up of a subsidiary company. The court answered the questions accordingly and no costs were awarded to either party. Case-Laws Income Tax Mon, 27 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15005