https://www.taxtmi.com/caselaws?id=117553 The Tribunal ruled in favor of the assessees, allowing the deduction for administrative expenses for the assessment year 2001-02. It determined that the assessees had commenced their business based on the evidence presented, including the acquisition of land, licenses, agreements with buyers, and receipt of advances. The Tribunal held that these actions indicated the start of business operations, contrary to the Assessing Officer's contention. Therefore, the disallowed expenses were deemed allowable, and the appeals were upheld in favor of the assessees. en-us Tue, 03 May 2005 00:00:00 +0530 Sat, 23 Jun 2012 13:50:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117553 The Tribunal ruled in favor of the assessees, allowing the deduction for administrative expenses for the assessment year 2001-02. It determined that the assessees had commenced their business based on the evidence presented, including the acquisition of land, licenses, agreements with buyers, and receipt of advances. The Tribunal held that these actions indicated the start of business operations, contrary to the Assessing Officer's contention. Therefore, the disallowed expenses were deemed allowable, and the appeals were upheld in favor of the assessees. Case-Laws Income Tax Tue, 03 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117553