https://www.taxtmi.com/caselaws?id=444977 The HC affirmed the Tribunal's decision regarding the Assessment Year 2012-13, addressing two main issues. First, it upheld the deletion of the disallowance of Rs. 5,75,23,000 in pre-operative expenses, agreeing they were revenue expenditures incurred between business setup and commencement. Second, it supported the deletion of an addition under 'Income from Other Sources', as the interest from fixed deposits was linked to business setup. The HC concluded that no substantial question of law was present, thus disposing of the appeal. en-us Mon, 25 Sep 2023 00:00:00 +0530 Fri, 27 Oct 2023 09:46:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444977 The HC affirmed the Tribunal's decision regarding the Assessment Year 2012-13, addressing two main issues. First, it upheld the deletion of the disallowance of Rs. 5,75,23,000 in pre-operative expenses, agreeing they were revenue expenditures incurred between business setup and commencement. Second, it supported the deletion of an addition under 'Income from Other Sources', as the interest from fixed deposits was linked to business setup. The HC concluded that no substantial question of law was present, thus disposing of the appeal. Case-Laws Income Tax Mon, 25 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444977