https://www.taxtmi.com/caselaws?id=60871 The Tribunal held that the loss of Rs. 3,32,148 was not incidental to the assessee's business and arose from an infraction of law, thus not qualifying as an allowable deduction under tax laws. The Commissioner of Income Tax (Appeals) decision to allow the deduction was overturned, and the Assessing Officer's decision to delete the addition was upheld on appeal by the Revenue. en-us Tue, 18 Aug 1992 00:00:00 +0530 Sat, 08 Jan 2011 13:47:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60871 The Tribunal held that the loss of Rs. 3,32,148 was not incidental to the assessee's business and arose from an infraction of law, thus not qualifying as an allowable deduction under tax laws. The Commissioner of Income Tax (Appeals) decision to allow the deduction was overturned, and the Assessing Officer's decision to delete the addition was upheld on appeal by the Revenue. Case-Laws Income Tax Tue, 18 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60871