https://www.taxtmi.com/caselaws?id=198105 Film exhibition and distribution were treated as closely allied business activities, so a temporary stoppage caused by theft of machinery did not amount to a final discontinuance of business. On that basis, hire charges, repair charges and legal charges incurred to preserve and carry on the business structure were regarded as business expenditure rather than costs of a closed or abandoned undertaking. The expenses were held allowable under section 10(2)(v) and section 10(2)(xv) of the Indian Income-tax Act, 1922, with the result favouring the assessee. en-us Fri, 24 Feb 1961 00:00:00 +0530 Tue, 23 Jan 2018 11:11:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198105 Film exhibition and distribution were treated as closely allied business activities, so a temporary stoppage caused by theft of machinery did not amount to a final discontinuance of business. On that basis, hire charges, repair charges and legal charges incurred to preserve and carry on the business structure were regarded as business expenditure rather than costs of a closed or abandoned undertaking. The expenses were held allowable under section 10(2)(v) and section 10(2)(xv) of the Indian Income-tax Act, 1922, with the result favouring the assessee. Case-Laws Income Tax Fri, 24 Feb 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198105