Deduction for Pre-Business Recruitment Expenses Allowed u/s 37(1) Due to Necessity of Skilled Personnel.

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....Disallowance of the claim for deduction u/s. 37((1) - recruitment of employees before commencement of business - Undisputedly, this line of business requires expertise who have proficiency in understanding the carats of diamonds and related jewellery, without such recruitment, it would be a futile exercise to commence the business. - expenses allowed - AT....