Disallowances of expenses - no business activity - merely lull ...

Income Tax

March 5, 2020

Disallowances of expenses - no business activity - merely lull in the business activities does not mean that the assessee has closed down its business activities. - the assessee cannot be deprived from the benefit of claiming the deduction for the expenses incurred to keep the setup of the business in existence. - AT

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Disallowances of expenses - no business activity - merely lull ...

Income Tax

March 5, 2020

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