https://www.taxtmi.com/caselaws?id=61318 The Tribunal partially allowed the assessee's appeal, directing the Income Tax Officer to allow expenses incurred from 1st June, 1979 onwards, except for the cost of a specific item considered as capital expenditure. The Tribunal dismissed other grounds raised by the assessee regarding interest charges and surcharge. The decision was based on distinguishing between setting up and commencing business, with expenses being allowed from the date the business was set up rather than from the date of incorporation. en-us Thu, 18 Apr 1985 00:00:00 +0530 Wed, 12 Jan 2011 12:00:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61318 The Tribunal partially allowed the assessee's appeal, directing the Income Tax Officer to allow expenses incurred from 1st June, 1979 onwards, except for the cost of a specific item considered as capital expenditure. The Tribunal dismissed other grounds raised by the assessee regarding interest charges and surcharge. The decision was based on distinguishing between setting up and commencing business, with expenses being allowed from the date the business was set up rather than from the date of incorporation. Case-Laws Income Tax Thu, 18 Apr 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61318