The Supreme Court of India, in a significant ruling on corporate tax law, has held that a temporary lull in business activity, during which a company continues its efforts to secure new contracts, does not amount to a cessation or discontinuance of its business. A bench comprising Justice Manoj Misra and Justice Joymalya Bagchi also
Temporary Lull in Activity Is Not Cessation of Business for Claiming Tax Deductions: Supreme Court
