https://www.taxtmi.com/caselaws?id=349535 The Income Tax Appellate Tribunal allowed the business expenses disallowance appeal by the Revenue, directing the Assessing Officer to permit the claimed expenditure under section 37 or section 57 of the Income Tax Act. The Tribunal found that the expenses were necessary for statutory obligations and employment purposes, even though no business activity occurred due to ongoing litigation. The Tribunal emphasized that the business was not voluntarily discontinued, leading to the dismissal of the Revenue's appeal. en-us Wed, 13 Sep 2017 00:00:00 +0530 Mon, 16 Oct 2017 09:18:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349535 The Income Tax Appellate Tribunal allowed the business expenses disallowance appeal by the Revenue, directing the Assessing Officer to permit the claimed expenditure under section 37 or section 57 of the Income Tax Act. The Tribunal found that the expenses were necessary for statutory obligations and employment purposes, even though no business activity occurred due to ongoing litigation. The Tribunal emphasized that the business was not voluntarily discontinued, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Wed, 13 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349535