https://www.taxtmi.com/caselaws?id=10219 The court ruled in favor of the Revenue, denying the allowance of expenses incurred before the commencement of business as revenue expenditure under Section 37 of the Income-tax Act. The judgment emphasized that such expenses cannot be claimed as deductions in the absence of business activity during the relevant period, citing legal principles and precedents to support the decision. The court's analysis focused on distinguishing between revenue and capital expenditure, ultimately concluding that the expenses in question did not meet the criteria for deduction, aligning with established interpretations of the Income-tax Act. en-us Tue, 31 Aug 2004 00:00:00 +0530 Fri, 10 Jul 2009 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10219 The court ruled in favor of the Revenue, denying the allowance of expenses incurred before the commencement of business as revenue expenditure under Section 37 of the Income-tax Act. The judgment emphasized that such expenses cannot be claimed as deductions in the absence of business activity during the relevant period, citing legal principles and precedents to support the decision. The court's analysis focused on distinguishing between revenue and capital expenditure, ultimately concluding that the expenses in question did not meet the criteria for deduction, aligning with established interpretations of the Income-tax Act. Case-Laws Income Tax Tue, 31 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10219