Assessee's Pre-Operative Expenses Allowed as Deductible: Sufficient Steps Taken to Start Business Operations.

Assessee's Pre-Operative Expenses Allowed as Deductible: Sufficient Steps Taken to Start Business Operations. https://www.taxtmi.com/highlights?id=47154 Disallowance of pre-operative expenses - assessee has taken sufficient steps by way of raising sufficient funds employing skilled personnel and by entering into lease agreements with the hotels on which improvements have been started, it amounts to setting off of business and as such, previous year expenses incurred in the business are permissible deductions en-us Thu, 13 Jun 2019 06:44:20 +0530 Thu, 13 Jun 2019 06:44:20 +0530 TaxTMI RSS Generator Assessee's Pre-Operative Expenses Allowed as Deductible: Sufficient Steps Taken to Start Business Operations. https://www.taxtmi.com/highlights?id=47154 Disallowance of pre-operative expenses - assessee has taken sufficient steps by way of raising sufficient funds employing skilled personnel and by entering into lease agreements with the hotels on which improvements have been started, it amounts to setting off of business and as such, previous year expenses incurred in the business are permissible deductions Highlights Income Tax Thu, 13 Jun 2019 06:44:20 +0530 https://www.taxtmi.com/highlights?id=47154