https://www.taxtmi.com/caselaws?id=378865 The Tribunal allowed the appeal of the assessee, holding that the business was set up during AY 2012-13 and the expenses claimed were allowable as revenue expenses. The Tribunal concluded that expenses incurred after the business was set up but before revenue generation are deductible as revenue expenses. The appeal was partly allowed, permitting the assessee to claim basic administrative expenditure as business expenditure for the relevant assessment year. en-us Thu, 18 Apr 2019 00:00:00 +0530 Tue, 23 Apr 2019 08:26:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378865 The Tribunal allowed the appeal of the assessee, holding that the business was set up during AY 2012-13 and the expenses claimed were allowable as revenue expenses. The Tribunal concluded that expenses incurred after the business was set up but before revenue generation are deductible as revenue expenses. The appeal was partly allowed, permitting the assessee to claim basic administrative expenditure as business expenditure for the relevant assessment year. Case-Laws Income Tax Thu, 18 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378865