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2006 (2) TMI 141 - MADRAS HIGH COURTExpenditure u/s 37 – commencement of business - the authorities below had given a finding that the assessee had commenced the business. For the purpose of development of the projects of construction, the assessee had to necessarily maintain regular staff members, on which it had been incurring expenses. The office expenses that had been incurred were clearly of revenue nature. Considering the reasons recorded by the Tribunal and based on the valid materials and evidences, the same does not suffer from any legal infirmity. Tribunal was right in holding that the expenses claimed by the assessee could be allowed, even at the stage of development of the projects - Tribunal was right in allowing business expenditure
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