https://www.taxtmi.com/caselaws?id=172444 Expenditure incurred after the business was set up and in the course of activities to secure orders and generate future revenue was treated as revenue expenditure under section 37(1), because the absence of immediate income did not make it capital or pre-operative in nature. Section 35D was held inapplicable since it applies only to expenditure incurred before commencement of business. The expenditure was therefore allowable as business expenditure. en-us Fri, 11 Sep 2009 00:00:00 +0530 Tue, 10 Oct 2023 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172444 Expenditure incurred after the business was set up and in the course of activities to secure orders and generate future revenue was treated as revenue expenditure under section 37(1), because the absence of immediate income did not make it capital or pre-operative in nature. Section 35D was held inapplicable since it applies only to expenditure incurred before commencement of business. The expenditure was therefore allowable as business expenditure. Case-Laws Income Tax Fri, 11 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172444