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2023 (3) TMI 1343 - AT - Income TaxAllowability of expenditure related to the project or running of the company - business of the assessee was not set up, therefore, the expenses debited in P&L account were not eligible for allowing as revenue expenditure u/s. 37(1) - whether the business of the assessee of Developing “Real Estate Park” was set up in the year under consideration/in prior year or not? - HELD THAT:- As the issue in dispute of set up of the business is emanating from the earlier assessment years 2012-13 and 2013- 14 which has already been allowed in favour of the assessee by the Tribunal [2018 (12) TMI 1566 - ITAT DELHI] therefore, respectfully following the findings of the Tribunal the finding of the Learned CIT(A) of the issue in dispute is upheld. The grounds raised by the revenue are accordingly dismissed.
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