https://www.taxtmi.com/caselaws?id=435957 The judgment upheld the findings of the CIT(A) regarding the setting up of the business, drawing on legal principles and precedents to determine the eligibility of expenses. The decision emphasized the distinction between setting up and commencement of business, affirming that once the business is set up, expenses are allowable as business deductions. The Tribunal's decision in previous assessment years supported the allowance of expenses related to the business setup, leading to the dismissal of the revenue's appeal. en-us Thu, 16 Mar 2023 00:00:00 +0530 Fri, 31 Mar 2023 08:49:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435957 The judgment upheld the findings of the CIT(A) regarding the setting up of the business, drawing on legal principles and precedents to determine the eligibility of expenses. The decision emphasized the distinction between setting up and commencement of business, affirming that once the business is set up, expenses are allowable as business deductions. The Tribunal's decision in previous assessment years supported the allowance of expenses related to the business setup, leading to the dismissal of the revenue's appeal. Case-Laws Income Tax Thu, 16 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435957