https://www.taxtmi.com/caselaws?id=440055 The Assessing Officer disallowed business expenditure claimed by the assessee, citing non-commencement of business. The CIT(A) affirmed this, noting discrepancies in business operations evidence. However, the Tribunal, based on prior cases, allowed claimed expenditures, finding evidence of business commencement. Consequently, the Tribunal ruled in favor of the assessee, permitting the claimed expenses on the revenue account. en-us Fri, 24 Feb 2023 00:00:00 +0530 Sat, 08 Jul 2023 07:37:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440055 The Assessing Officer disallowed business expenditure claimed by the assessee, citing non-commencement of business. The CIT(A) affirmed this, noting discrepancies in business operations evidence. However, the Tribunal, based on prior cases, allowed claimed expenditures, finding evidence of business commencement. Consequently, the Tribunal ruled in favor of the assessee, permitting the claimed expenses on the revenue account. Case-Laws Income Tax Fri, 24 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440055