As the business in respect of which the said development cost ...
Development Costs of Discontinued Business Not Claimable as Revenue Expenditure for New Real Estate Ventures.
October 17, 2012
Case Laws Income Tax AT
As the business in respect of which the said development cost has been incurred is discontinued, the same cannot be claimed as revenue expenditure in respect of another business being real estate business, just because the land has been converted into stock in trade for the present busines - AT
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