https://www.taxtmi.com/caselaws?id=334374 The Tribunal dismissed the revenue's appeal for the A.Y. 2006-07, upholding the CIT(A)'s decision to allow the entire amount claimed by the assessee as business expenses. The Tribunal found that the expenses were necessary to maintain the business establishment, emphasizing that the business was operational during the year. It concluded that the expenses were legitimately claimed for the purpose of the business, citing legal precedents and established principles. en-us Fri, 30 Sep 2016 00:00:00 +0530 Thu, 10 Nov 2016 17:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334374 The Tribunal dismissed the revenue's appeal for the A.Y. 2006-07, upholding the CIT(A)'s decision to allow the entire amount claimed by the assessee as business expenses. The Tribunal found that the expenses were necessary to maintain the business establishment, emphasizing that the business was operational during the year. It concluded that the expenses were legitimately claimed for the purpose of the business, citing legal precedents and established principles. Case-Laws Income Tax Fri, 30 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334374