Expenses incurred for Business allowable as a Income Tax Deduction until the Liquidation of Firm: ITAT [Read Order]

By Taxscan Team - On November 13, 2022 3:51 pm - 2 mins read
Income Tax Deduction - Liquidation - ITAT - taxscan

In a recent ruling, the Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT )has held that expenses incurred for business are allowable as a deduction until the actual liquidation of firm. Shri Bandish Soparkar & Parin Jain appeared for the appellant and Shri Mukesh Jain appeared for the respondent. Annapurna Polymers Pvt. Ltd,…

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