TMI BlogBusiness Setup Date Confirmed as 1st March 2001; Revenue Expenditure Claim Approved u/s 37(1) of Income Tax Act.Since trial runs were carried out by the assessee from 1st March 2001, it must be held that the assessee has set up its business on 1st March 2001 - claim of revenue expenditure allowed u/s 37(1).... - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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