https://www.taxtmi.com/caselaws?id=12923 The Tribunal held that for an indivisible business, expenses cannot be divided between activities with members and non-members under section 80P(2) of the Income-tax Act, 1961. The Tribunal relied on a Supreme Court precedent to support this decision. It emphasized that expenses must be considered under section 37 if incurred for carrying on the business, and proportionate disallowance is not applicable for activities forming part of a single, indivisible business. The High Court upheld this decision, stating that the issue was governed by existing Supreme Court judgments and highlighted the importance of considering the indivisibility of business activities in determining expenses and deductions. en-us Wed, 10 Oct 2001 00:00:00 +0530 Mon, 25 May 2009 10:51:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12923 The Tribunal held that for an indivisible business, expenses cannot be divided between activities with members and non-members under section 80P(2) of the Income-tax Act, 1961. The Tribunal relied on a Supreme Court precedent to support this decision. It emphasized that expenses must be considered under section 37 if incurred for carrying on the business, and proportionate disallowance is not applicable for activities forming part of a single, indivisible business. The High Court upheld this decision, stating that the issue was governed by existing Supreme Court judgments and highlighted the importance of considering the indivisibility of business activities in determining expenses and deductions. Case-Laws Income Tax Wed, 10 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12923