https://www.taxtmi.com/caselaws?id=378372 The court held in favor of the petitioner, setting aside the orders of the Principal Commissioner of Income Tax and Assessing Officer. The court determined that the petitioner had indeed set up its business during the assessment year 2013-2014 based on the preliminary steps taken, such as appointing key personnel and initiating processes for financial and advisory services. The matter was remitted to the Assessing Officer for granting appropriate deduction claims in accordance with the law. en-us Tue, 26 Mar 2019 00:00:00 +0530 Mon, 15 Apr 2019 06:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378372 The court held in favor of the petitioner, setting aside the orders of the Principal Commissioner of Income Tax and Assessing Officer. The court determined that the petitioner had indeed set up its business during the assessment year 2013-2014 based on the preliminary steps taken, such as appointing key personnel and initiating processes for financial and advisory services. The matter was remitted to the Assessing Officer for granting appropriate deduction claims in accordance with the law. Case-Laws Income Tax Tue, 26 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378372