https://www.taxtmi.com/caselaws?id=29209 The High Court of Karnataka ruled in favor of the income-tax assessee, quashing the notice issued under section 148 of the Income Tax Act, 1961 for the assessment year 1968-69. The court held that the notice was not valid as the business had commenced after the expenditure in question was incurred, aligning with precedents that allow business expenditure incurred before business commencement if attributable to the business. The court referenced relevant case law and ordered the notice to be quashed without costs awarded to either party. en-us Wed, 11 Jun 1980 00:00:00 +0530 Thu, 11 Mar 2010 14:01:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29209 The High Court of Karnataka ruled in favor of the income-tax assessee, quashing the notice issued under section 148 of the Income Tax Act, 1961 for the assessment year 1968-69. The court held that the notice was not valid as the business had commenced after the expenditure in question was incurred, aligning with precedents that allow business expenditure incurred before business commencement if attributable to the business. The court referenced relevant case law and ordered the notice to be quashed without costs awarded to either party. Case-Laws Income Tax Wed, 11 Jun 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29209