https://www.taxtmi.com/caselaws?id=37397 The High Court criticized the Tribunal for not adequately analyzing the provisions of section 35B of the Income Tax Act to determine if the waived amount qualified for a deduction. The Court emphasized the need for a detailed consideration of the section's clauses and sub-clauses to assess the nature of the expenditure incurred by the assessee. The Court found the Tribunal's approach lacking in specificity and directed the references to be sent back for a proper determination in accordance with the law. The Court declined to answer the question referred and highlighted the importance of a thorough examination of the relevant legal provisions in such cases. en-us Fri, 08 Sep 1978 00:00:00 +0530 Mon, 29 Mar 2010 13:51:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37397 The High Court criticized the Tribunal for not adequately analyzing the provisions of section 35B of the Income Tax Act to determine if the waived amount qualified for a deduction. The Court emphasized the need for a detailed consideration of the section's clauses and sub-clauses to assess the nature of the expenditure incurred by the assessee. The Court found the Tribunal's approach lacking in specificity and directed the references to be sent back for a proper determination in accordance with the law. The Court declined to answer the question referred and highlighted the importance of a thorough examination of the relevant legal provisions in such cases. Case-Laws Income Tax Fri, 08 Sep 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37397