https://www.taxtmi.com/caselaws?id=33670 The High Court determined that the business was set up on the date of placing the purchase order in July 1994, allowing the assessee to claim expenses as revenue expenditure. The Court distinguished between setting up and commencement of a business, deeming expenses incurred before commencement as deductible. The Tribunal's decision was upheld, dismissing both the Revenue's and the assessee's appeals as no substantial question of law arose. en-us Mon, 17 Sep 2007 00:00:00 +0530 Wed, 24 Aug 2016 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33670 The High Court determined that the business was set up on the date of placing the purchase order in July 1994, allowing the assessee to claim expenses as revenue expenditure. The Court distinguished between setting up and commencement of a business, deeming expenses incurred before commencement as deductible. The Tribunal's decision was upheld, dismissing both the Revenue's and the assessee's appeals as no substantial question of law arose. Case-Laws Income Tax Mon, 17 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33670