https://www.taxtmi.com/caselaws?id=23254 The court ruled in favor of the assessee, allowing the deduction of business loss for imported electrical spare parts not taken delivery of. The decision not to clear the consignment was deemed a valid business choice, and the authorities lacked justification to challenge it. Consequently, the court answered both questions negatively, supporting the assessee's claim for the deduction of business loss. en-us Wed, 07 Dec 1988 00:00:00 +0530 Thu, 17 Dec 2009 17:44:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23254 The court ruled in favor of the assessee, allowing the deduction of business loss for imported electrical spare parts not taken delivery of. The decision not to clear the consignment was deemed a valid business choice, and the authorities lacked justification to challenge it. Consequently, the court answered both questions negatively, supporting the assessee's claim for the deduction of business loss. Case-Laws Income Tax Wed, 07 Dec 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23254