https://www.taxtmi.com/caselaws?id=152392 The Appellant, CIT(A), Delhi-XI filed appeals under section 260A of the Income-tax Act for the assessment years 1999-2000, 2000-01, and 2001-02. The disallowance of expenses for 1999-2000 was overturned by the ITAT, as the business was found to be dormant rather than closed, supported by the intention to resume business. Regarding the interpretation of section 22 on premises usage, the ITAT ruled that expenses could not be disallowed solely due to shared premises usage with another firm, as long as business operations were conducted from the premises. Consequently, the additions made were correctly deleted, with no substantial question of law arising. en-us Wed, 21 Jan 2009 00:00:00 +0530 Tue, 02 Jul 2013 15:56:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152392 The Appellant, CIT(A), Delhi-XI filed appeals under section 260A of the Income-tax Act for the assessment years 1999-2000, 2000-01, and 2001-02. The disallowance of expenses for 1999-2000 was overturned by the ITAT, as the business was found to be dormant rather than closed, supported by the intention to resume business. Regarding the interpretation of section 22 on premises usage, the ITAT ruled that expenses could not be disallowed solely due to shared premises usage with another firm, as long as business operations were conducted from the premises. Consequently, the additions made were correctly deleted, with no substantial question of law arising. Case-Laws Income Tax Wed, 21 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152392