https://www.taxtmi.com/caselaws?id=39469 A company carrying on a multi-faceted letting business converted a residential property and undertook alterations, installations and staffing to render accommodation serviceable; the activity of preparing and making premises available constituted carrying on the second category of its business from October 1, 1964, and therefore preparatory expenditure incurred between October 1, 1964, and March 31, 1965, amounting to Rs. 48,004, is attributable to business operations and is allowable as business expenditure with the effect that those costs must be treated as deductible business expenses. en-us Wed, 27 Aug 1975 00:00:00 +0530 Wed, 21 Jan 2026 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39469 A company carrying on a multi-faceted letting business converted a residential property and undertook alterations, installations and staffing to render accommodation serviceable; the activity of preparing and making premises available constituted carrying on the second category of its business from October 1, 1964, and therefore preparatory expenditure incurred between October 1, 1964, and March 31, 1965, amounting to Rs. 48,004, is attributable to business operations and is allowable as business expenditure with the effect that those costs must be treated as deductible business expenses. Case-Laws Income Tax Wed, 27 Aug 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39469