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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Commencement of business - allowability of expense u/s 37(1) - ...

Case Laws     Income Tax

April 15, 2019

Commencement of business - allowability of expense u/s 37(1) - activity which are preliminary steps towards the fulfillment of the purpose as per MoU and if these steps were for the ultimate fulfillment of its purposes i.e preparation of development plans leading to the projects - it had set up its business - Expenses duly allowable

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