https://www.taxtmi.com/caselaws?id=63763 The Tribunal upheld the CIT(A)'s decision to allow deductions for revenue expenditure incurred by the assessee during the period in question. It was determined that the assessee had indeed set up its business during the relevant accounting year, as evidenced by trial production activities and preparations for commercial production. The Tribunal emphasized the readiness of the business to commence operations as a key factor. The Revenue's appeal was dismissed, and the assessee's appeal was withdrawn during the proceedings. en-us Wed, 23 Nov 1994 00:00:00 +0530 Tue, 01 Feb 2011 16:54:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63763 The Tribunal upheld the CIT(A)'s decision to allow deductions for revenue expenditure incurred by the assessee during the period in question. It was determined that the assessee had indeed set up its business during the relevant accounting year, as evidenced by trial production activities and preparations for commercial production. The Tribunal emphasized the readiness of the business to commence operations as a key factor. The Revenue's appeal was dismissed, and the assessee's appeal was withdrawn during the proceedings. Case-Laws Income Tax Wed, 23 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63763