Tag: Temporary business closure

Temporary business closure, lull-Rent, staff, other business expenses incurred to keep business alive cannot be disallowed-ITAT

Temporary business closure, lull and disallowance of expenses Expenses of rent staff and various other business expenses establish that those were¬†incurred to keep its business alive they cannot be disallowed merely on the ground of temporary closure or lull in business due to recession in the market-held by …