https://www.taxtmi.com/caselaws?id=299794 Business expenditure remains deductible where operations are only temporarily dormant and the business has not been permanently closed, because maintenance of the establishment, continuing legal obligations, and revival-related litigation show an intent to resume. The disallowance was deleted. Depreciation on plant and machinery was not allowable where no manufacturing activity occurred during the year, while depreciation on furniture and building was still permitted on the facts. An addition for interest on income-tax refund was deleted because no refund income was received or booked during the year. The Revenue's appeals failed and the relief granted below was sustained. en-us Thu, 14 Mar 2019 00:00:00 +0530 Thu, 30 Dec 2021 08:30:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299794 Business expenditure remains deductible where operations are only temporarily dormant and the business has not been permanently closed, because maintenance of the establishment, continuing legal obligations, and revival-related litigation show an intent to resume. The disallowance was deleted. Depreciation on plant and machinery was not allowable where no manufacturing activity occurred during the year, while depreciation on furniture and building was still permitted on the facts. An addition for interest on income-tax refund was deleted because no refund income was received or booked during the year. The Revenue's appeals failed and the relief granted below was sustained. Case-Laws Income Tax Thu, 14 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299794