Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1981 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1981 (8) TMI 89 - ITAT AHMEDABAD-CExtract: .......nly by doing business in any one of the activities mentioned in the main object clause. 5. Therefore, on the date on which the loan was advanced, the company cannot be said to have commenced its business and the preliminary expenses claimed cannot be allowed as deduction. 6. In the result, the CIT(A) s order is confirmed and the appeal is rejected.
|