Business expnditure
This query is : Resolved
CA Santosh Shinde
(Querist)
26 October 2009
If any company have no business in one particular year, but have business before and after that particular year. Will the company be able to get deduction of the expenses incurred during that particular year. support your answer with some case laws.
Sandeep Goyal
(Expert)
27 October 2009
No business means no receipts? if this is the case then the exp would definitely be allowable as againt nil receipts, showing as net loss.
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