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Income Tax - Highlights / Catch Notes

Home Highlights November 2011 Year 2011 This

Since trial runs were carried out by the assessee from 1st March ...


Business Setup Date Confirmed as 1st March 2001; Revenue Expenditure Claim Approved u/s 37(1) of Income Tax Act.

November 17, 2011

Case Laws     Income Tax     HC

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

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