https://www.taxtmi.com/caselaws?id=19046 Deduction for loss on demolition and sale of hutments and a labour camp was available only if the asset was used for the business or profession in the relevant assessment year. Prior use in earlier years was insufficient where the record did not show business use in the year of claim. On the facts, the Tribunal found that the hutments had not been used as dwelling houses for workers from an earlier year onward, and no basis existed to infer use in the year in question. The deduction was therefore not allowable, and the issue was answered against the assessee. en-us Thu, 12 Nov 1992 00:00:00 +0530 Tue, 03 Nov 2009 16:24:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19046 Deduction for loss on demolition and sale of hutments and a labour camp was available only if the asset was used for the business or profession in the relevant assessment year. Prior use in earlier years was insufficient where the record did not show business use in the year of claim. On the facts, the Tribunal found that the hutments had not been used as dwelling houses for workers from an earlier year onward, and no basis existed to infer use in the year in question. The deduction was therefore not allowable, and the issue was answered against the assessee. Case-Laws Income Tax Thu, 12 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19046