https://www.taxtmi.com/caselaws?id=64133 A company taking over a running business may match later-incurred liabilities with the relevant profit period when computing income, including pre-incorporation expenses tied to earlier taxable profits. Business travel and export-promotion expenditure may be deductible, and weighted deduction may apply where the nexus with export activity is established. A structure erected as an interim arrangement without permanent foundations can qualify as a temporary erection for 100 per cent depreciation. Rule 6-D does not justify a separate restriction on local travel at the place visited where the rule permits full travel expenditure by the relevant modes. Processing activities carried on through supervised operations or outsourced work may bring a company within the definition of an industrial company for concessional tax treatment. en-us Mon, 28 Jan 1980 00:00:00 +0530 Sat, 05 Feb 2011 10:25:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64133 A company taking over a running business may match later-incurred liabilities with the relevant profit period when computing income, including pre-incorporation expenses tied to earlier taxable profits. Business travel and export-promotion expenditure may be deductible, and weighted deduction may apply where the nexus with export activity is established. A structure erected as an interim arrangement without permanent foundations can qualify as a temporary erection for 100 per cent depreciation. Rule 6-D does not justify a separate restriction on local travel at the place visited where the rule permits full travel expenditure by the relevant modes. Processing activities carried on through supervised operations or outsourced work may bring a company within the definition of an industrial company for concessional tax treatment. Case-Laws Income Tax Mon, 28 Jan 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64133