Discuss giving reason regarding admissibility or otherwise of the following expenditures while computing income under the head Income from Business or Profession: Expenses incurred in connection with a branch, the busine

Admissible - Expenses incurred in connection with a branch, the business of which was discontinued during the previous year, is admissible while computing income under the head Income from business or profession as the discontinuance of a branch is not discontinuance of whole business.