https://www.taxtmi.com/caselaws?id=269070 The appeal was dismissed, upholding the CIT(A)'s decision to delete the addition of preoperative expenses. The court found that exploration activities marked the commencement of the business, allowing for the deduction of necessary expenses incurred before commercial production. Legal precedents supported the view that exploration activities were essential for business setup, leading to the relief granted to the appellant for the deducted expenses. en-us Wed, 30 Sep 2015 00:00:00 +0530 Tue, 08 Dec 2015 10:47:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269070 The appeal was dismissed, upholding the CIT(A)'s decision to delete the addition of preoperative expenses. The court found that exploration activities marked the commencement of the business, allowing for the deduction of necessary expenses incurred before commercial production. Legal precedents supported the view that exploration activities were essential for business setup, leading to the relief granted to the appellant for the deducted expenses. Case-Laws Income Tax Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269070