Tuesday, June 22, 2021

Exp. incurred before launch of physical trading outlet allowable as assessee had set-up its business: Delhi HC

INCOME TAX : where assessee - Company was ready to carry on business in previous year, it could safely be concluded that business had been set-up and, therefore, expenditure incurred prior to launch of physical trading outlet would be allowable

from www.taxmann.com Latest Case Laws https://ift.tt/35G0d3P
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...