In the result, the appeal of the assessee is partly allowed
Bench: Shri B. R. Baskaran & Dr. S. Seethalakshmi
4. The assessing officer noticed that the business of the assessee has been carried on up to July, 2014 only. However, the assessee has paid remuneration of Rs.5,10,000/- to the directors for the whole year. The assessee had also claimed depreciation for full year. Since the business operations have been stopped in July, 2014, the AO took