https://www.taxtmi.com/caselaws?id=23994 The dispute concerned whether the claimed expenditure could be treated as a trading loss or business expenditure in the relevant assessment year. The High Court held that the record was insufficient to decide the issue because the Tribunal had not fully examined whether the expenditure was actually incurred in that year and whether it was laid out wholly and exclusively for the assessee's business. The referred questions were therefore not answered on the existing record, and the matter was remitted to the Tribunal for fresh adjudication in accordance with law. en-us Thu, 09 Mar 1989 00:00:00 +0530 Fri, 15 Jan 2010 17:01:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23994 The dispute concerned whether the claimed expenditure could be treated as a trading loss or business expenditure in the relevant assessment year. The High Court held that the record was insufficient to decide the issue because the Tribunal had not fully examined whether the expenditure was actually incurred in that year and whether it was laid out wholly and exclusively for the assessee's business. The referred questions were therefore not answered on the existing record, and the matter was remitted to the Tribunal for fresh adjudication in accordance with law. Case-Laws Income Tax Thu, 09 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23994