https://www.taxtmi.com/caselaws?id=242373 The Tribunal allowed the appellant's appeal, determining that the business had commenced in 1994-95, and professional fees and interest expenditure were allowable as business expenses. The penalty under section 271(1)(c) was deleted as the quantum additions were removed. The order was issued on May 17, 2013. en-us Fri, 17 May 2013 00:00:00 +0530 Tue, 14 Jan 2014 09:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242373 The Tribunal allowed the appellant's appeal, determining that the business had commenced in 1994-95, and professional fees and interest expenditure were allowable as business expenses. The penalty under section 271(1)(c) was deleted as the quantum additions were removed. The order was issued on May 17, 2013. Case-Laws Income Tax Fri, 17 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242373