Abandoned Business Project Expenses Allowed as Deduction Due to Business Purpose

Tigre SAS Liquors India Pvt. Ltd Vs DCIT (ITAT Delhi) The order concerns appeals filed by the assessee before the Income Tax Appellate Tribunal against separate orders of the Commissioner of Income Tax (Appeals) dated 18.09.2018 for Assessment Years 2013–14 and 2014–15. As several issues were interconnected, both appeals were heard together and disposed of through a common order. For AY 2014–15, the assessee had declared a loss and was engaged in the business of manufacturing and dealing in alcoholic products. The Assessing Officer made additions by disallowing legal and professional exp...