Allowing the appeal of the asessee the Tribunal held that , expenses to keep its status of the Company active was held to be allowable as business expenditure and as business loss . ( AY. 2012-13)
Kesha Appliances Pvt. Ltd v. ITO ( 2018) 63 ITR ( Trib) 294 ( Delhi) (Trib)
S.37(1): Business expenditure -Expenses to keep its status of the Company active was held to be allowable as business expenditure as business loss .[ S. 28(i) ]