2011 (9) TMI 158

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....ether the Income Tax Appellate Tribunal was justified in holding that the assessee commenced its business on 1st March 2001 and consequently entitled to claim deduction of revenue expenses is the question raised in this appeal. 2. The assessment year involved herein is AY 200102. 3. In the assessment year in question, the assessee had filed its return of income declaring loss by debiting rev....