https://www.taxtmi.com/caselaws?id=36323 The expenses incurred before the commencement of business were considered part of the actual cost of fixed assets, allowing depreciation and development rebate. The income from leasing the plant, machinery, and building was to be computed under "Profits and gains of business," recognizing the temporary lease as a continuation of business activities. Both issues were resolved in favor of the assessee. en-us Fri, 19 Sep 1980 00:00:00 +0530 Sat, 20 Mar 2010 16:43:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36323 The expenses incurred before the commencement of business were considered part of the actual cost of fixed assets, allowing depreciation and development rebate. The income from leasing the plant, machinery, and building was to be computed under "Profits and gains of business," recognizing the temporary lease as a continuation of business activities. Both issues were resolved in favor of the assessee. Case-Laws Income Tax Fri, 19 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36323