https://www.taxtmi.com/caselaws?id=250980 The court determined that the appellant-assessee's business was set up on 1st April 2004, recognizing the expenses incurred during April and May 2004 as revenue expenditures. The court emphasized the significance of training and recruitment in establishing a Business Process Outsourcing (BPO) business, highlighting that these activities are crucial components of business setup. By differentiating between "setting up" and "commencement" of business, the court ruled in favor of the appellant-assessee, emphasizing the importance of factual analysis in determining the date of business setup. en-us Mon, 11 Aug 2014 00:00:00 +0530 Thu, 19 Feb 2015 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250980 The court determined that the appellant-assessee's business was set up on 1st April 2004, recognizing the expenses incurred during April and May 2004 as revenue expenditures. The court emphasized the significance of training and recruitment in establishing a Business Process Outsourcing (BPO) business, highlighting that these activities are crucial components of business setup. By differentiating between "setting up" and "commencement" of business, the court ruled in favor of the appellant-assessee, emphasizing the importance of factual analysis in determining the date of business setup. Case-Laws Income Tax Mon, 11 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250980