https://www.taxtmi.com/caselaws?id=269711 The court allowed the appeal, overturning the disallowance of a deduction under section 37(1) for revenue expenditure incurred before the commencement of business. The court emphasized the distinction between setting up and commencing business, stating that recruitment of employees and incurring expenses indicated business setup, justifying the allowance of the expenditure. The court directed the Assessing Officer to allow the claim of expenditure, setting aside the previous order. The court dismissed objections regarding the industry type, focusing on the underlying principles in the decisions cited. en-us Wed, 28 Oct 2015 00:00:00 +0530 Sat, 19 Dec 2015 06:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269711 The court allowed the appeal, overturning the disallowance of a deduction under section 37(1) for revenue expenditure incurred before the commencement of business. The court emphasized the distinction between setting up and commencing business, stating that recruitment of employees and incurring expenses indicated business setup, justifying the allowance of the expenditure. The court directed the Assessing Officer to allow the claim of expenditure, setting aside the previous order. The court dismissed objections regarding the industry type, focusing on the underlying principles in the decisions cited. Case-Laws Income Tax Wed, 28 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269711