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TMI Blog2010 (1) TMI 4X X X X Extracts X X X X X X X X Extracts X X X X ..... s) had confirmed the disallowance. The total extent of disallowance was Rs 31,54,846/-. The Income-tax Appellate Tribunal has allowed the deduction on the ground that, although the said sum had been shown differently in the books, the same was allowable as per law. – held that - we are of the view that no interference whatsoever is called for with regard to the expenses incurred after 30.05.2000 w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... should be reported in Digest? BADAR DURREZ AHMED, J (ORAL) 1. This appeal is in respect of the assessment year 2001-02 and is directed against the order of the Income-tax Appellate Tribunal dated 15.05.2007 in ITA No.1436/Del/2004. The assessee had shown expenditure as deferred revenue expenditure in its books. However, it had claimed it as revenue expenditure in its return. The Assessing O ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s regards the expenditure of Rs 8,19,365/-, it was clearly incurred prior to the date of commencement of any business activity of the assessee and, accordingly, the same was in the nature of pre-operative expenses. 3. We have considered the submissions made by the learned counsel for the appellant / revenue. Nobody has appeared on behalf of the assessee, although the service was completed by mea ..... X X X X Extracts X X X X X X X X Extracts X X X X
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