https://www.taxtmi.com/caselaws?id=328888 The High Court of Gujarat ruled in favor of the assessee on all issues, emphasizing the importance of business setup over completion in determining business commencement and allowing deductions for various expenses crucial to the business operations. The judgment highlighted the significance of a clear nexus between expenses and income for interest expenditure deductions and recognized the role of corporate status maintenance expenses in business operations. en-us Tue, 07 Jun 2016 00:00:00 +0530 Fri, 17 Jun 2016 09:11:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328888 The High Court of Gujarat ruled in favor of the assessee on all issues, emphasizing the importance of business setup over completion in determining business commencement and allowing deductions for various expenses crucial to the business operations. The judgment highlighted the significance of a clear nexus between expenses and income for interest expenditure deductions and recognized the role of corporate status maintenance expenses in business operations. Case-Laws Income Tax Tue, 07 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328888