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2018 (4) TMI 318 - AT - Income TaxDisallowance of expenditure for not carrying out any business activity during the year - Held that:- Respectfully following the decision of the Hon’ble apex court in Vikram Cotton Mills case (1987 (12) TMI 1 - SUPREME Court), we find that merely because there was a temporary lull in the business for some period, it cannot be said that the assessee abandoned the business requiring them to reset up it again. The assessee’s claim of expenditure incurred during the period of temporary suspension of business has to be allowed. However, the quantum of expenditure needs to be verified at the end of the AO. For this purpose of verification of the quantum, we set aside the issue to the file of the AO with a direction that after verification and if the claim is found to be genuine, the AO will allow the same. - Decided against revenue
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