https://www.taxtmi.com/caselaws?id=277524 The ITAT upheld the CIT(A)'s decision, allowing expenses on security, electricity, water, and salaries claimed by the assessee, and deleting the disallowance of Rs. 53,31,894/-. The ITAT emphasized the necessity of these expenses for maintaining the corporate structure and assets, stating that a temporary business lull does not imply permanent closure, especially when necessary licenses are maintained. The revenue's appeal was dismissed, affirming the CIT(A)'s order. en-us Fri, 29 Jul 2016 00:00:00 +0530 Fri, 07 Dec 2018 06:50:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277524 The ITAT upheld the CIT(A)'s decision, allowing expenses on security, electricity, water, and salaries claimed by the assessee, and deleting the disallowance of Rs. 53,31,894/-. The ITAT emphasized the necessity of these expenses for maintaining the corporate structure and assets, stating that a temporary business lull does not imply permanent closure, especially when necessary licenses are maintained. The revenue's appeal was dismissed, affirming the CIT(A)'s order. Case-Laws Income Tax Fri, 29 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277524