https://www.taxtmi.com/caselaws?id=36302 A question on the reliability of a customs statement was treated as one of appreciation of evidence and, on that basis, was held not fit for legal reference. By contrast, the claim that the value of confiscated gold biscuits could be deducted as a business loss under section 69A of the Income-tax Act was treated as a question of law arising from admitted facts and therefore referable for opinion. The result was that reference was declined on the factual issue but accepted on the deduction issue. en-us Tue, 28 Oct 1980 00:00:00 +0530 Sat, 20 Mar 2010 14:41:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36302 A question on the reliability of a customs statement was treated as one of appreciation of evidence and, on that basis, was held not fit for legal reference. By contrast, the claim that the value of confiscated gold biscuits could be deducted as a business loss under section 69A of the Income-tax Act was treated as a question of law arising from admitted facts and therefore referable for opinion. The result was that reference was declined on the factual issue but accepted on the deduction issue. Case-Laws Income Tax Tue, 28 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36302