https://www.taxtmi.com/caselaws?id=422178 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the assessee, allowing the appeal against the disallowance of business expenses by the Deputy Commissioner of Income Tax. The ITAT recognized a temporary lull in business activity and emphasized that basic expenditures to maintain business infrastructure should not be denied during such periods. The decision underscored the importance of justifying expenses during a temporary downturn in business, even when no business receipts are generated. en-us Mon, 11 Apr 2022 00:00:00 +0530 Wed, 11 May 2022 08:33:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422178 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the assessee, allowing the appeal against the disallowance of business expenses by the Deputy Commissioner of Income Tax. The ITAT recognized a temporary lull in business activity and emphasized that basic expenditures to maintain business infrastructure should not be denied during such periods. The decision underscored the importance of justifying expenses during a temporary downturn in business, even when no business receipts are generated. Case-Laws Income Tax Mon, 11 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422178