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2016 (4) TMI 735 - AT - Income TaxAllowability of deduction - commencement of business - Held that:- There is enough material on record to indicate that the business has actually commenced in 2008-09. Learned CIT(A) has categorically given findings on that aspect and learned Departmental Representative has not been able to controvert the same. The mere fact that the assessee had received advance for work cannot lead to the conclusion that the business had commenced. In any event, this advance was received from a group entity and it is not a condition precedent for receiving the money that the business had actually commenced. As for the grievance raised by the Assessing Officer regarding allowability of deduction, we find that the learned CIT(A) has not really adjudicated on this, and this issue has been treated as infructuous. Grievance of the Assessing Officer is thus clearly ill conceived. - Decided in favour of assessee
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