https://www.taxtmi.com/caselaws?id=55437 The Tribunal confirmed the Income Tax Officer's decision regarding the eligibility for relief under section 80J, emphasizing the importance of factual considerations in relief computation. Additionally, the Tribunal allowed the claim for misappropriation as a loss under section 28, based on the absence of evidence for recovery and proper write-off. The dismissal of the reference application underscored the focus on factual evidence rather than legal questions, highlighting the significance of evidence in determining eligibility for relief and allowance of losses in business operations. en-us Thu, 10 Apr 1986 00:00:00 +0530 Sat, 27 Nov 2010 10:43:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55437 The Tribunal confirmed the Income Tax Officer's decision regarding the eligibility for relief under section 80J, emphasizing the importance of factual considerations in relief computation. Additionally, the Tribunal allowed the claim for misappropriation as a loss under section 28, based on the absence of evidence for recovery and proper write-off. The dismissal of the reference application underscored the focus on factual evidence rather than legal questions, highlighting the significance of evidence in determining eligibility for relief and allowance of losses in business operations. Case-Laws Income Tax Thu, 10 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55437