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2006 (8) TMI 638 - ITAT DELHIExtract: .......clear that the deduction can be claimed only after the business has commenced. Till such time the setting up of the new source of income, all expenses whether revenue or capital connected with setting up of such business would be capital expenditure and, therefore, not allowable as deduction. 19. In the result, the appeal of the Revenue is allowed.
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