https://www.taxtmi.com/caselaws?id=387543 The tribunal partly allowed the assessee's appeal in ITA No. 388/Del/2009, disallowing various expenses incurred before the commencement of business and ad-hoc salary payments. The appeal in ITA No. 980/Del/2013 was fully allowed, with the penalty under section 271(1)(c) of the Income Tax Act being deleted. The tribunal stressed the necessity of producing adequate evidence to support claimed expenses and differentiated between setting up and commencing business activities. en-us Thu, 05 Sep 2019 00:00:00 +0530 Fri, 25 Oct 2019 08:08:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387543 The tribunal partly allowed the assessee's appeal in ITA No. 388/Del/2009, disallowing various expenses incurred before the commencement of business and ad-hoc salary payments. The appeal in ITA No. 980/Del/2013 was fully allowed, with the penalty under section 271(1)(c) of the Income Tax Act being deleted. The tribunal stressed the necessity of producing adequate evidence to support claimed expenses and differentiated between setting up and commencing business activities. Case-Laws Income Tax Thu, 05 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387543