https://www.taxtmi.com/caselaws?id=66316 The Tribunal determined that the assessee had set up its business before the relevant accounting period for the assessment year 1979-80. Therefore, all expenses incurred after setting up the business were deemed allowable as business expenditure. Consequently, the losses for each year were to be carried forward. The appeals were allowed, and the orders of the CIT (A) were overturned. en-us Thu, 29 Mar 1984 00:00:00 +0530 Wed, 23 Feb 2011 15:28:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66316 The Tribunal determined that the assessee had set up its business before the relevant accounting period for the assessment year 1979-80. Therefore, all expenses incurred after setting up the business were deemed allowable as business expenditure. Consequently, the losses for each year were to be carried forward. The appeals were allowed, and the orders of the CIT (A) were overturned. Case-Laws Income Tax Thu, 29 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66316