https://www.taxtmi.com/caselaws?id=1692 The High Court upheld the Tribunal's decision regarding the disallowance of pre-operative expenses and capital issue expenses claimed by the assessee under the Income-tax Act, 1961. The Court found that expenses incurred in setting up a new unit, considered an extension of the old business, should be treated as revenue expenditure if there is unity of control and interlacing of the units. The Court dismissed the Revenue's appeal, affirming that the expenses for the new unit, being part of the existing business, should be allowed as revenue expenditure. en-us Wed, 25 Apr 2007 00:00:00 +0530 Sun, 08 May 2011 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1692 The High Court upheld the Tribunal's decision regarding the disallowance of pre-operative expenses and capital issue expenses claimed by the assessee under the Income-tax Act, 1961. The Court found that expenses incurred in setting up a new unit, considered an extension of the old business, should be treated as revenue expenditure if there is unity of control and interlacing of the units. The Court dismissed the Revenue's appeal, affirming that the expenses for the new unit, being part of the existing business, should be allowed as revenue expenditure. Case-Laws Income Tax Wed, 25 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1692