https://www.taxtmi.com/caselaws?id=468610 Temporary absence of business income does not, by itself, amount to cessation of business, so brought-forward losses and unabsorbed depreciation remained available for set-off where the return was filed within time. The Tribunal also treated the rental-income classification and related depreciation claim as a factual matter requiring verification of the assessee's objects, accounts and past treatment, with relief dependent on business-income characterisation. Interest disallowance on advances to others was likewise remitted for verification of commercial expediency and the identity of recipients. The dividend-related addition was not interfered with and remained subject to verification of tax deduction at source. en-us Thu, 06 Feb 2025 00:00:00 +0530 Thu, 14 May 2026 19:45:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468610 Temporary absence of business income does not, by itself, amount to cessation of business, so brought-forward losses and unabsorbed depreciation remained available for set-off where the return was filed within time. The Tribunal also treated the rental-income classification and related depreciation claim as a factual matter requiring verification of the assessee's objects, accounts and past treatment, with relief dependent on business-income characterisation. Interest disallowance on advances to others was likewise remitted for verification of commercial expediency and the identity of recipients. The dividend-related addition was not interfered with and remained subject to verification of tax deduction at source. Case-Laws Income Tax Thu, 06 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468610