https://www.taxtmi.com/caselaws?id=245485 The Tribunal dismissed the Revenue's appeal against the Commissioner of Income Tax(A)'s decision to delete the disallowance of presetting up expenses. The Tribunal upheld that the expenses were allowable deductions as they were part of existing business activities, similar to those allowed in a previous assessment year. The Tribunal found no error in the Commissioner's decision and confirmed the deletion of the addition, concluding in favor of the taxpayer. en-us Fri, 07 Mar 2014 00:00:00 +0530 Mon, 31 Mar 2014 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245485 The Tribunal dismissed the Revenue's appeal against the Commissioner of Income Tax(A)'s decision to delete the disallowance of presetting up expenses. The Tribunal upheld that the expenses were allowable deductions as they were part of existing business activities, similar to those allowed in a previous assessment year. The Tribunal found no error in the Commissioner's decision and confirmed the deletion of the addition, concluding in favor of the taxpayer. Case-Laws Income Tax Fri, 07 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245485