https://www.taxtmi.com/caselaws?id=427546 The Tribunal upheld the decisions of the lower authorities, dismissing the appeal filed by the assessee. The business was deemed not set up during the relevant year, leading to the disallowance of claimed business expenditure. The request for capitalization and depreciation allowance on the disallowed amount was also rejected by the Tribunal. en-us Wed, 10 Aug 2022 00:00:00 +0530 Mon, 12 Sep 2022 08:16:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427546 The Tribunal upheld the decisions of the lower authorities, dismissing the appeal filed by the assessee. The business was deemed not set up during the relevant year, leading to the disallowance of claimed business expenditure. The request for capitalization and depreciation allowance on the disallowed amount was also rejected by the Tribunal. Case-Laws Income Tax Wed, 10 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427546