https://www.taxtmi.com/caselaws?id=286875 The Tribunal upheld the Commissioner's decision regarding the classification of receipts and allowance of business expenditure. It emphasized the intention to continue the business and the necessity of maintaining corporate infrastructure despite the lack of significant business activity during the relevant year. The Tribunal dismissed the revenue's appeal and rendered the cross-objections of the appellant inconsequential. en-us Tue, 26 Feb 2019 00:00:00 +0530 Thu, 19 Mar 2020 10:07:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286875 The Tribunal upheld the Commissioner's decision regarding the classification of receipts and allowance of business expenditure. It emphasized the intention to continue the business and the necessity of maintaining corporate infrastructure despite the lack of significant business activity during the relevant year. The Tribunal dismissed the revenue's appeal and rendered the cross-objections of the appellant inconsequential. Case-Laws Income Tax Tue, 26 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286875