https://www.taxtmi.com/caselaws?id=208917 The High Court found that the assessee's business operations had effectively ceased despite minimal activities to avoid tax. The Court overturned the decisions of the CIT(A) and Tribunal, emphasizing the closure of business based on various circumstances. The Court remitted the case to the CIT(A) for a fresh decision in line with the law, highlighting that the meager business transactions did not justify the claimed expenses and interest disallowance. en-us Wed, 09 Feb 2011 00:00:00 +0530 Tue, 13 Feb 2018 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208917 The High Court found that the assessee's business operations had effectively ceased despite minimal activities to avoid tax. The Court overturned the decisions of the CIT(A) and Tribunal, emphasizing the closure of business based on various circumstances. The Court remitted the case to the CIT(A) for a fresh decision in line with the law, highlighting that the meager business transactions did not justify the claimed expenses and interest disallowance. Case-Laws Income Tax Wed, 09 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208917