https://www.taxtmi.com/caselaws?id=287247 The Tribunal upheld the decision of the CIT(A) in dismissing the appeal and confirming the treatment of Revenue expenditure claimed under Section 35D of the Income Tax Act. It found that the assessee had not commenced any business activity during the relevant assessment year, emphasizing the difference between "setting up" and "commencement" of business. The Tribunal ruled that expenses incurred before revenue generation but after setting up the business were not allowable as Revenue expenditure. en-us Mon, 10 Jun 2019 00:00:00 +0530 Mon, 06 Apr 2020 10:27:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287247 The Tribunal upheld the decision of the CIT(A) in dismissing the appeal and confirming the treatment of Revenue expenditure claimed under Section 35D of the Income Tax Act. It found that the assessee had not commenced any business activity during the relevant assessment year, emphasizing the difference between "setting up" and "commencement" of business. The Tribunal ruled that expenses incurred before revenue generation but after setting up the business were not allowable as Revenue expenditure. Case-Laws Income Tax Mon, 10 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287247