Oriental Seritech Limited Versus Commissioner of Income Tax - Income Tax - ITAT MUMBAI - Tri - Interest on custom duty - accrual of expenses - Held that - The accounts have been prpared on a non going concern basis and it is also mentioned that the management had no intention to continue the business in the unforeseeable future - The assessee had decided to close down the operation as the project was not viable - Therefore,only the expenses required for maintaining the corporate identity of the ................................... Income Tax - Case Laws
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