https://www.taxtmi.com/caselaws?id=372797 The Tribunal upheld the CIT(A)'s decision, allowing the assessee's claim of revenue expenses under section 37(1) of the Income Tax Act. The Tribunal emphasized that the setting up of the business, not the commencement of business revenue, is the relevant criterion for allowing such expenses. The Tribunal dismissed the Revenue's appeal, affirming that the expenses incurred for general administration were rightly treated as revenue expenses. en-us Thu, 27 Dec 2018 00:00:00 +0530 Sat, 29 Dec 2018 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372797 The Tribunal upheld the CIT(A)'s decision, allowing the assessee's claim of revenue expenses under section 37(1) of the Income Tax Act. The Tribunal emphasized that the setting up of the business, not the commencement of business revenue, is the relevant criterion for allowing such expenses. The Tribunal dismissed the Revenue's appeal, affirming that the expenses incurred for general administration were rightly treated as revenue expenses. Case-Laws Income Tax Thu, 27 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372797