https://www.taxtmi.com/caselaws?id=63994 The Tribunal confirmed the disallowance of the loss claimed by the assessee for M/s. Venus Jewellers, as no business activity was conducted from the premises during the relevant assessment years. Additionally, the Tribunal rejected the argument to treat the businesses of M/s. Venus Jewellers and M/s. Mehrasons Jewellers as a single entity, distinguishing the case from the Supreme Court precedent. The disallowance of the loss was upheld, emphasizing the separate nature of the two businesses. en-us Fri, 31 May 1996 00:00:00 +0530 Thu, 03 Feb 2011 10:28:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63994 The Tribunal confirmed the disallowance of the loss claimed by the assessee for M/s. Venus Jewellers, as no business activity was conducted from the premises during the relevant assessment years. Additionally, the Tribunal rejected the argument to treat the businesses of M/s. Venus Jewellers and M/s. Mehrasons Jewellers as a single entity, distinguishing the case from the Supreme Court precedent. The disallowance of the loss was upheld, emphasizing the separate nature of the two businesses. Case-Laws Income Tax Fri, 31 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63994