Joint Venture's Common Funding & Management Doesn't Qualify as "Existing Business" for Revenue Expenditure Classification.

Joint Venture's Common Funding & Management Doesn't Qualify as "Existing Business" for Revenue Expenditure Classification. https://www.taxtmi.com/highlights?id=5468 Mere circumstance that common funding of the (proposed) business existed, and there was a management which conceived the start of the new business activity, did not make the proposed joint venture business an “existing business” for the expenditure to qualify as revenue expenditure - HC en-us Thu, 20 Sep 2012 00:06:25 +0530 Thu, 20 Sep 2012 00:06:25 +0530 TaxTMI RSS Generator Joint Venture's Common Funding & Management Doesn't Qualify as "Existing Business" for Revenue Expenditure Classification. https://www.taxtmi.com/highlights?id=5468 Mere circumstance that common funding of the (proposed) business existed, and there was a management which conceived the start of the new business activity, did not make the proposed joint venture business an “existing business” for the expenditure to qualify as revenue expenditure - HC Highlights Income Tax Thu, 20 Sep 2012 00:06:25 +0530 https://www.taxtmi.com/highlights?id=5468