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2016 (3) TMI 544 - AT - Income TaxDisallowance of pre-operating expense for a “Mawa project” a new project - expenditure admissible u/s 37 - expenditure incurred for expansion of the existing business of the assessee or a new business unconnected with the existing business - Held that:- As decided in assessee's own case A.Y.2009-2010 the ice-cream and the Mawa fall in the genus of the dairy/milk products and they are covered by the nature of declared business of the assessee. As such, the impugned expenditure claimed by the assessee does not include any expenditure of capital nature. The 'control and management, accounts, CEOs for both the dairy/milk products is one and the same. AD has not made out the absence of interlacing of the above. Under the factual matrix of the case, we find the claim of the assessee is allowable - Decided in favour of assessee
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