Temporary business closure

  • Income Tax

Expenses incurred during lull business period can not be denied when no income is generated

Expenses incurred during lull business period can not be denied to assessee when he was not able to generate any…

4 years ago
  • Income Tax

If business not closed down, expenditure allowed u/s 37(1) even if turnover is low

If business not closed down, expenses allowed u/s 37(1) even if turnover was low as it was temporary lull which…

5 years ago
  • Income Tax

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…

8 years ago