https://www.taxtmi.com/caselaws?id=270745 The Tribunal dismissed the Revenue's appeal regarding the disallowance of expenses due to lack of business activity, upholding the necessity of expenses for day-to-day activities and legal proceedings. The Tribunal concurred with the Commissioner's decision to allow most of the expenses incurred during the year, emphasizing their importance for ongoing legal battles and company operations. Additionally, the Tribunal upheld the disallowance of specific expenses while affirming the Commissioner's decision regarding the allowance and disallowance of expenses, concluding that the expenses were essential for the company's operations and legal defense. en-us Fri, 11 Dec 2015 00:00:00 +0530 Thu, 14 Jan 2016 11:53:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270745 The Tribunal dismissed the Revenue's appeal regarding the disallowance of expenses due to lack of business activity, upholding the necessity of expenses for day-to-day activities and legal proceedings. The Tribunal concurred with the Commissioner's decision to allow most of the expenses incurred during the year, emphasizing their importance for ongoing legal battles and company operations. Additionally, the Tribunal upheld the disallowance of specific expenses while affirming the Commissioner's decision regarding the allowance and disallowance of expenses, concluding that the expenses were essential for the company's operations and legal defense. Case-Laws Income Tax Fri, 11 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270745