https://www.taxtmi.com/caselaws?id=392016 The Tribunal upheld the decision of the CIT(A) and AO, concluding that the business of the assessee was not set up during the relevant period, as the necessary IRDA license was only granted in February 2012. Therefore, the expenses incurred prior to this date were correctly treated as preoperative expenses and capitalized. The appeal filed by the assessee was dismissed. en-us Mon, 10 Feb 2020 00:00:00 +0530 Tue, 11 Feb 2020 13:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392016 The Tribunal upheld the decision of the CIT(A) and AO, concluding that the business of the assessee was not set up during the relevant period, as the necessary IRDA license was only granted in February 2012. Therefore, the expenses incurred prior to this date were correctly treated as preoperative expenses and capitalized. The appeal filed by the assessee was dismissed. Case-Laws Income Tax Mon, 10 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392016