https://www.taxtmi.com/caselaws?id=784046 The dominant issue was whether rent paid for a new premises was allowable as a business deduction when the premises was not used for business in the relevant AY. The HC held that mere production of a rent agreement and an application to the excise authority for shifting of the liquor licence did not establish business use, because shifting could occur only upon excise permission and issuance of a new licence, which was admittedly granted only in the subsequent AY. As the assessee could not legally operate from the new premises during the year under consideration, the rent expenditure was not incurred wholly and exclusively for business in that AY; the appeal was dismissed. en-us Mon, 22 Dec 2025 00:00:00 +0530 Sat, 27 Dec 2025 08:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784046 The dominant issue was whether rent paid for a new premises was allowable as a business deduction when the premises was not used for business in the relevant AY. The HC held that mere production of a rent agreement and an application to the excise authority for shifting of the liquor licence did not establish business use, because shifting could occur only upon excise permission and issuance of a new licence, which was admittedly granted only in the subsequent AY. As the assessee could not legally operate from the new premises during the year under consideration, the rent expenditure was not incurred wholly and exclusively for business in that AY; the appeal was dismissed. Case-Laws Income Tax Mon, 22 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784046