https://www.taxtmi.com/caselaws?id=65275 Royalty from manufacturing and selling licence agreements was treated as business income because it arose from exploitation of trade name, trademark, know-how and other commercial assets while the business remained only temporarily suspended. Temporary interruption caused by labour dispute and sealing of premises did not amount to abandonment, especially where the assessee continued quality control, supervision and related business functions. On the same footing, expenditure connected with continuing business operations, including litigation, retrenchment compensation, advertising, municipal payments, union welfare and interest, was allowable. Brought forward unabsorbed depreciation was also available since the business had not been discontinued and the temporary suspension did not alter its tax treatment. en-us Fri, 23 Mar 2007 00:00:00 +0530 Mon, 14 Feb 2011 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65275 Royalty from manufacturing and selling licence agreements was treated as business income because it arose from exploitation of trade name, trademark, know-how and other commercial assets while the business remained only temporarily suspended. Temporary interruption caused by labour dispute and sealing of premises did not amount to abandonment, especially where the assessee continued quality control, supervision and related business functions. On the same footing, expenditure connected with continuing business operations, including litigation, retrenchment compensation, advertising, municipal payments, union welfare and interest, was allowable. Brought forward unabsorbed depreciation was also available since the business had not been discontinued and the temporary suspension did not alter its tax treatment. Case-Laws Income Tax Fri, 23 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65275