https://www.taxtmi.com/caselaws?id=246223 The Tribunal upheld the disallowances of the gross loss incurred in financing activity, stamp duty expenses, and 50% of staff expenses for the assessee company. The Tribunal found that no business activity was carried out during the relevant year, leading to the confirmation of these disallowances. The order was pronounced on 31.12.2013. en-us Tue, 31 Dec 2013 00:00:00 +0530 Sat, 19 Apr 2014 11:09:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246223 The Tribunal upheld the disallowances of the gross loss incurred in financing activity, stamp duty expenses, and 50% of staff expenses for the assessee company. The Tribunal found that no business activity was carried out during the relevant year, leading to the confirmation of these disallowances. The order was pronounced on 31.12.2013. Case-Laws Income Tax Tue, 31 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246223