https://www.taxtmi.com/caselaws?id=184969 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision on both issues. The Tribunal ruled that business expenses were deductible despite SEBI's debarment as the business was not discontinued. Additionally, interest and miscellaneous income were treated as business income due to the business not being closed despite regulatory restrictions. The judgment relied on established precedents and highlighted the continuity of business operations in the face of regulatory challenges. en-us Wed, 26 Sep 2012 00:00:00 +0530 Mon, 27 Nov 2017 09:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184969 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision on both issues. The Tribunal ruled that business expenses were deductible despite SEBI's debarment as the business was not discontinued. Additionally, interest and miscellaneous income were treated as business income due to the business not being closed despite regulatory restrictions. The judgment relied on established precedents and highlighted the continuity of business operations in the face of regulatory challenges. Case-Laws Income Tax Wed, 26 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184969