https://www.taxtmi.com/caselaws?id=330826 The court ruled in favor of the appellant, allowing the carry forward of loss from old business to new business and permitting the deduction of interest and administrative expenses. The Tribunal's decision was overturned as the court found that the company had continued its business activities. The judgment emphasized the importance of business continuity and the deductibility of expenses for determining tax liabilities. en-us Fri, 01 Jul 2016 00:00:00 +0530 Sat, 06 Aug 2016 13:50:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330826 The court ruled in favor of the appellant, allowing the carry forward of loss from old business to new business and permitting the deduction of interest and administrative expenses. The Tribunal's decision was overturned as the court found that the company had continued its business activities. The judgment emphasized the importance of business continuity and the deductibility of expenses for determining tax liabilities. Case-Laws Income Tax Fri, 01 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330826