https://www.taxtmi.com/caselaws?id=28336 The Court remanded the case to the Tribunal for further examination regarding the allowance of expenses incurred in the earlier year, emphasizing the need for a definitive finding on how carrying forward the expenses would impact the profit position in the current year. Additionally, the Court raised concerns about the lack of clarity on the nature of the account maintained by the assessee for the continuous work, prompting a detailed review and disposal of this issue in accordance with the law. en-us Mon, 10 Jan 1983 00:00:00 +0530 Sat, 20 Feb 2010 13:59:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28336 The Court remanded the case to the Tribunal for further examination regarding the allowance of expenses incurred in the earlier year, emphasizing the need for a definitive finding on how carrying forward the expenses would impact the profit position in the current year. Additionally, the Court raised concerns about the lack of clarity on the nature of the account maintained by the assessee for the continuous work, prompting a detailed review and disposal of this issue in accordance with the law. Case-Laws Income Tax Mon, 10 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28336