https://www.taxtmi.com/caselaws?id=239133 The Tribunal allowed the assessee's appeal, directing the AO to permit the set-off of administrative and other expenses against the interest income. It was determined that the company had not ceased its earlier business activities but had undergone a change in name, maintaining continuity in business operations. The appeal was decided in favor of the assessee, with the grounds raised being accepted. en-us Fri, 30 Aug 2013 00:00:00 +0530 Thu, 07 Nov 2013 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239133 The Tribunal allowed the assessee's appeal, directing the AO to permit the set-off of administrative and other expenses against the interest income. It was determined that the company had not ceased its earlier business activities but had undergone a change in name, maintaining continuity in business operations. The appeal was decided in favor of the assessee, with the grounds raised being accepted. Case-Laws Income Tax Fri, 30 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239133