https://www.taxtmi.com/caselaws?id=349724 The Tribunal allowed the appeal, directing the AO to accept the claimed expenses and resultant loss for the assessment year 2012-13. It emphasized that trading-related expenses should be allowed even if manufacturing operations had not started, given the composite nature of the business involving both trading and manufacturing. en-us Wed, 11 Oct 2017 00:00:00 +0530 Tue, 24 Oct 2017 10:37:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349724 The Tribunal allowed the appeal, directing the AO to accept the claimed expenses and resultant loss for the assessment year 2012-13. It emphasized that trading-related expenses should be allowed even if manufacturing operations had not started, given the composite nature of the business involving both trading and manufacturing. Case-Laws Income Tax Wed, 11 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349724