https://www.taxtmi.com/caselaws?id=180231 Temporary suspension of manufacturing during rehabilitation does not amount to cessation of business, so revenue expenses incurred in that period remain deductible; the disallowance was deleted. On the cash credit issue, loan confirmation and bank evidence produced at the appellate stage were treated as prima facie relevant to the identity and genuineness of the transaction, so the additional evidence was admitted and the matter remanded to the Assessing Officer for verification. The assessee obtained partial relief on both issues. en-us Fri, 26 Apr 2013 00:00:00 +0530 Fri, 18 Mar 2016 17:52:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180231 Temporary suspension of manufacturing during rehabilitation does not amount to cessation of business, so revenue expenses incurred in that period remain deductible; the disallowance was deleted. On the cash credit issue, loan confirmation and bank evidence produced at the appellate stage were treated as prima facie relevant to the identity and genuineness of the transaction, so the additional evidence was admitted and the matter remanded to the Assessing Officer for verification. The assessee obtained partial relief on both issues. Case-Laws Income Tax Fri, 26 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180231