https://www.taxtmi.com/caselaws?id=326389 The Tribunal dismissed the Revenue's appeal, affirming that the business was set up on August 21, 2007, allowing expenses incurred after that date and permitting the carry forward of business loss. The Tribunal upheld the CIT(A)'s decision, emphasizing the distinction between setting up and commencement of business, and rejected the Revenue's argument that the business commenced in August 2008. en-us Fri, 04 Mar 2016 00:00:00 +0530 Wed, 13 Apr 2016 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326389 The Tribunal dismissed the Revenue's appeal, affirming that the business was set up on August 21, 2007, allowing expenses incurred after that date and permitting the carry forward of business loss. The Tribunal upheld the CIT(A)'s decision, emphasizing the distinction between setting up and commencement of business, and rejected the Revenue's argument that the business commenced in August 2008. Case-Laws Income Tax Fri, 04 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326389