https://www.taxtmi.com/caselaws?id=71751 Temporary suspension of business, supported by continuing stock, management activity, corporate compliance and revival efforts, does not amount to discontinuance; the assessee remained entitled to computation and carry forward of business loss. A departmental objection that an appeal against an assessment made under the draft assessment procedure was not maintainable was also rejected, because the applicable appellate right had been recognised and the objection had already been negatived by the Special Bench. The assessee's claim and maintainability of the appeal were therefore upheld. en-us Sat, 23 Oct 1982 00:00:00 +0530 Tue, 26 Apr 2011 18:18:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71751 Temporary suspension of business, supported by continuing stock, management activity, corporate compliance and revival efforts, does not amount to discontinuance; the assessee remained entitled to computation and carry forward of business loss. A departmental objection that an appeal against an assessment made under the draft assessment procedure was not maintainable was also rejected, because the applicable appellate right had been recognised and the objection had already been negatived by the Special Bench. The assessee's claim and maintainability of the appeal were therefore upheld. Case-Laws Income Tax Sat, 23 Oct 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71751