https://www.taxtmi.com/caselaws?id=27441 The court concluded that the public limited company, which had ceased business activities, did not exhibit any intention to revive its business despite letting out properties. The court found that the letting out of properties and claimed legal expenses were not deductible for income tax purposes. The Revenue prevailed in the case, with the court ruling against the assessee on all counts regarding the assessment of business income, justification of letting out properties, and deduction of legal expenses. en-us Thu, 09 Aug 1984 00:00:00 +0530 Fri, 12 Feb 2010 18:21:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27441 The court concluded that the public limited company, which had ceased business activities, did not exhibit any intention to revive its business despite letting out properties. The court found that the letting out of properties and claimed legal expenses were not deductible for income tax purposes. The Revenue prevailed in the case, with the court ruling against the assessee on all counts regarding the assessment of business income, justification of letting out properties, and deduction of legal expenses. Case-Laws Income Tax Thu, 09 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27441