https://www.taxtmi.com/caselaws?id=214693 The Tribunal partially allowed the appeal, overturning the disallowance of expenditure amounting to Rs. 19,36,104. The Tribunal held that business activity extends beyond manufacturing and sales, acknowledging ongoing business operations despite no production or sales activity during the year. Relying on legal precedents, the Tribunal directed the Assessing Officer to allow the claimed expenses and depreciation, emphasizing that intermittent business activity does not negate the existence of a business. en-us Wed, 30 May 2012 00:00:00 +0530 Mon, 02 Jul 2012 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214693 The Tribunal partially allowed the appeal, overturning the disallowance of expenditure amounting to Rs. 19,36,104. The Tribunal held that business activity extends beyond manufacturing and sales, acknowledging ongoing business operations despite no production or sales activity during the year. Relying on legal precedents, the Tribunal directed the Assessing Officer to allow the claimed expenses and depreciation, emphasizing that intermittent business activity does not negate the existence of a business. Case-Laws Income Tax Wed, 30 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214693