https://www.taxtmi.com/caselaws?id=441347 The assessee claimed expenses directly in the computation of income without routing them through the Profit and Loss account. The AO disallowed the expenses, citing the business had not commenced. However, the CIT(A) allowed certain expenses as revenue expenses, while disallowing others as capital expenditure. The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. en-us Fri, 17 Mar 2023 00:00:00 +0530 Sat, 05 Aug 2023 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441347 The assessee claimed expenses directly in the computation of income without routing them through the Profit and Loss account. The AO disallowed the expenses, citing the business had not commenced. However, the CIT(A) allowed certain expenses as revenue expenses, while disallowing others as capital expenditure. The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. Case-Laws Income Tax Fri, 17 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441347