https://www.taxtmi.com/caselaws?id=20508 The High Court overturned the Tribunal's decision to disallow the carry forward of loss and running expenses for the assessee for the assessment year 1982-83. The Court found that the Tribunal's conclusion that the assessee had no intention to restart the business was unsupported by evidence and contrary to the facts. The Court ruled in favor of the assessee, allowing the carry forward of loss and running expenses, and directed the Tribunal to re-examine the disallowance of any part of the running business expenses. en-us Fri, 10 Apr 1992 00:00:00 +0530 Sun, 02 May 2010 23:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20508 The High Court overturned the Tribunal's decision to disallow the carry forward of loss and running expenses for the assessee for the assessment year 1982-83. The Court found that the Tribunal's conclusion that the assessee had no intention to restart the business was unsupported by evidence and contrary to the facts. The Court ruled in favor of the assessee, allowing the carry forward of loss and running expenses, and directed the Tribunal to re-examine the disallowance of any part of the running business expenses. Case-Laws Income Tax Fri, 10 Apr 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20508