https://www.taxtmi.com/caselaws?id=177019 The Tribunal upheld the validity of the assessment order under section 143(3) of the Income Tax Act, 1961. It disallowed the claimed business loss of Rs. 6,75,273 as the income was attributed to other sources. Various expenses disallowed by the Assessing Officer were partially allowed by the Tribunal based on the necessity for maintaining corporate status and complying with statutory obligations, citing relevant case law. The Tribunal allowed specific expenses totaling Rs. 1,87,663. en-us Mon, 28 Jan 2013 00:00:00 +0530 Fri, 01 Jan 2016 16:19:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177019 The Tribunal upheld the validity of the assessment order under section 143(3) of the Income Tax Act, 1961. It disallowed the claimed business loss of Rs. 6,75,273 as the income was attributed to other sources. Various expenses disallowed by the Assessing Officer were partially allowed by the Tribunal based on the necessity for maintaining corporate status and complying with statutory obligations, citing relevant case law. The Tribunal allowed specific expenses totaling Rs. 1,87,663. Case-Laws Income Tax Mon, 28 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177019