https://www.taxtmi.com/caselaws?id=358207 The Tribunal dismissed the Revenue's appeal against the CIT(A)'s decision to allow the expenditure claimed by the appellant. The Tribunal upheld the deletion of the disallowance of expenses, emphasizing the temporary suspension of business for renovation purposes and the subsequent resumption of commercial operations. The completion certificate for the renovated property indicated readiness for business activities. The judgment relied on a previous decision establishing a similar scenario where business operations resumed post-renovation, leading to the allowance of routine business expenses. en-us Mon, 02 Apr 2018 00:00:00 +0530 Wed, 04 Apr 2018 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358207 The Tribunal dismissed the Revenue's appeal against the CIT(A)'s decision to allow the expenditure claimed by the appellant. The Tribunal upheld the deletion of the disallowance of expenses, emphasizing the temporary suspension of business for renovation purposes and the subsequent resumption of commercial operations. The completion certificate for the renovated property indicated readiness for business activities. The judgment relied on a previous decision establishing a similar scenario where business operations resumed post-renovation, leading to the allowance of routine business expenses. Case-Laws Income Tax Mon, 02 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358207