https://www.taxtmi.com/caselaws?id=175133 The Tribunal dismissed the Revenue's appeal, upholding the CIT (A)'s decision to treat initial marketing expenses as revenue expenditure incurred after the commencement of business in April 2001. The Tribunal emphasized the distinction between setting up and commencement of business, finding that the essential business activity had started in April 2001, justifying the expenses as allowable revenue expenditure. Relevant legal precedents supported this decision, leading to the dismissal of the Revenue's appeal. en-us Fri, 30 Nov 2012 00:00:00 +0530 Sat, 07 Nov 2015 12:43:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175133 The Tribunal dismissed the Revenue's appeal, upholding the CIT (A)'s decision to treat initial marketing expenses as revenue expenditure incurred after the commencement of business in April 2001. The Tribunal emphasized the distinction between setting up and commencement of business, finding that the essential business activity had started in April 2001, justifying the expenses as allowable revenue expenditure. Relevant legal precedents supported this decision, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 30 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175133