https://www.taxtmi.com/caselaws?id=388263 The Tribunal upheld the CIT(A)'s decision to allow expenses incurred post the business setup date, emphasizing the recruitment of key personnel and revenue generation as indicators of business establishment. It dismissed the Revenue's appeal, highlighting the need to demonstrate business setup and ongoing activities for legitimate expense deduction. The judgment underscored the importance of key personnel recruitment and operational readiness in determining the start of business operations and eligibility of expenses for deduction. en-us Wed, 30 Oct 2019 00:00:00 +0530 Tue, 12 Nov 2019 12:20:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388263 The Tribunal upheld the CIT(A)'s decision to allow expenses incurred post the business setup date, emphasizing the recruitment of key personnel and revenue generation as indicators of business establishment. It dismissed the Revenue's appeal, highlighting the need to demonstrate business setup and ongoing activities for legitimate expense deduction. The judgment underscored the importance of key personnel recruitment and operational readiness in determining the start of business operations and eligibility of expenses for deduction. Case-Laws Income Tax Wed, 30 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388263