https://www.taxtmi.com/caselaws?id=414295 The Tribunal upheld the Commissioner (Appeals)' decision to allow expenses claimed by a company despite no business activity during the assessment year. The Revenue's appeal, challenging the deletion of the disallowance, was dismissed as the expenses were deemed necessary for maintaining the company's status, as per legal precedents. The Tribunal found no fault in the Commissioner's decision and concluded that the Revenue's arguments lacked specificity, affirming the ruling in favor of the assessee. en-us Fri, 10 Sep 2021 00:00:00 +0530 Tue, 02 Nov 2021 09:28:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414295 The Tribunal upheld the Commissioner (Appeals)' decision to allow expenses claimed by a company despite no business activity during the assessment year. The Revenue's appeal, challenging the deletion of the disallowance, was dismissed as the expenses were deemed necessary for maintaining the company's status, as per legal precedents. The Tribunal found no fault in the Commissioner's decision and concluded that the Revenue's arguments lacked specificity, affirming the ruling in favor of the assessee. Case-Laws Income Tax Fri, 10 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414295