https://www.taxtmi.com/caselaws?id=210164 The Tribunal partially allowed the assessee's appeal, directing the Assessing Officer to reassess the expenses claimed by the assessee. It held that the business was considered set up on the date of receiving provisional registration from the National Stock Exchange, allowing expenses incurred after that date as permissible business expenses. The Tribunal instructed the AO to verify and allow genuine and admissible expenses incurred by the assessee on or after the date of setting up the business. en-us Fri, 22 Jul 2011 00:00:00 +0530 Mon, 26 Nov 2012 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210164 The Tribunal partially allowed the assessee's appeal, directing the Assessing Officer to reassess the expenses claimed by the assessee. It held that the business was considered set up on the date of receiving provisional registration from the National Stock Exchange, allowing expenses incurred after that date as permissible business expenses. The Tribunal instructed the AO to verify and allow genuine and admissible expenses incurred by the assessee on or after the date of setting up the business. Case-Laws Income Tax Fri, 22 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210164