Expenditure incurred on discontinued business unless shown to be for reviving, not allowable – ITAT
May 3, 2019
Income Tax, ITAT
Expenditure incurred on discontinued business unless shown to be incurred for reviving it not allowable under section 37(1) – ITAT ABCAUS Case Law Citation: ABCAUS 2901 (2019) (05) ITAT The sole issue raised by the assessee was the maintainability of the disallowance of expenditure incurred for maintenance …