https://www.taxtmi.com/caselaws?id=36249 The High Court ruled against the assessee in a tax dispute, finding that the Tribunal had erred in allowing deductions without proper examination of whether the expenses were wholly and exclusively for the business. The Court held that the Tribunal's decision to allow the entire expenditure as a business expense was flawed as it failed to consider apportioning expenses between different sources of income. The Court also criticized the Tribunal for assuming the revenue did not challenge the expenditure's relationship to the business. The High Court directed the Tribunal to reconsider the matter, emphasizing the need for a fresh examination and proper consideration of the expenses related to the business. en-us Thu, 30 Oct 1980 00:00:00 +0530 Sat, 20 Mar 2010 12:31:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36249 The High Court ruled against the assessee in a tax dispute, finding that the Tribunal had erred in allowing deductions without proper examination of whether the expenses were wholly and exclusively for the business. The Court held that the Tribunal's decision to allow the entire expenditure as a business expense was flawed as it failed to consider apportioning expenses between different sources of income. The Court also criticized the Tribunal for assuming the revenue did not challenge the expenditure's relationship to the business. The High Court directed the Tribunal to reconsider the matter, emphasizing the need for a fresh examination and proper consideration of the expenses related to the business. Case-Laws Income Tax Thu, 30 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36249