2019 (10) TMI 509

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....ndent by: Shri Vinod Sharma, JCIT (DR) ORDER Per B.R. Baskaran, Accountant Member The revenue has filed this appeal challenging the order dated 05-03-2019 passed by Ld CIT(A)-12, Bangalore and it relates to the assessment year 2013-14. The revenue is aggrieved by the decision of Ld CIT(A) in deleting the disallowance of business expenses of Rs. 188.75 lakhs made by the AO. 2. We heard the part....

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....e assessee has commenced its operations and hence the business expenses claimed by the assessee is allowable as deduction. Accordingly he directed the AO to allow the claim of the assessee. 4. After hearing both the parties, the bench observed that the entire expenses may be required to be capitalised against the fixed assets, as the assessee is in the process of implementing the Rail link projec....

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....no occasion for the AO to examine this new claim. 7. Since the assessee is in the process of implementing a project, which is in the nature of Construction of project, the question of examining the "setting up of business or commencement of business" does not arise in this case. Since the assessee is constructing a project, all the expenses are incurred in connection there with are called pre-con....