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2016 (7) TMI 1082 - AT - Income TaxDeduction of expenditure incurred after setting up of the business disallowed - commencement of business - Held that:- The authorities below have not adhered to the directions of the Tribunal to allow the assessee deduction of expenditure incurred after the date of setting up of business as opposed to date of commencement of business, i.e. 15.03.1995. We set aside the impugned orders of the learned CIT(A) dated 09.10.2010 and the AO dated 08.12.2008 on this issue and restore the matter to the file of the AO for de novo examination and adjudication for allowing the assessee deduction of expenditure incurred after the date of setting up of business, after affording the assessee adequate opportunity to bring on record all essential facts so that the date of setting up of business and expenses incurred can be determined. - Decided in favour of assessee for statistical purposes.
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