https://www.taxtmi.com/caselaws?id=26679 The High Court held that the Tribunal erred in allowing telescoping benefits for intangible additions in the trading account. The Court ruled in favor of the Revenue, emphasizing the need for specific evidence linking cash credits to intangible additions. The decision highlighted that each case must establish a connection between profits and cash credits. The Tribunal's failure to prove this connection led to the rejection of the set-off. en-us Thu, 01 Aug 1985 00:00:00 +0530 Sat, 06 Feb 2010 17:17:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26679 The High Court held that the Tribunal erred in allowing telescoping benefits for intangible additions in the trading account. The Court ruled in favor of the Revenue, emphasizing the need for specific evidence linking cash credits to intangible additions. The decision highlighted that each case must establish a connection between profits and cash credits. The Tribunal's failure to prove this connection led to the rejection of the set-off. Case-Laws Income Tax Thu, 01 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26679