Disallowance of pre-operative expenses - assessee has taken ...

Income Tax

June 13, 2019

Disallowance of pre-operative expenses - assessee has taken sufficient steps by way of raising sufficient funds employing skilled personnel and by entering into lease agreements with the hotels on which improvements have been started, it amounts to setting off of business and as such, previous year expenses incurred in the business are permissible deductions

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Disallowance of pre-operative expenses - assessee has taken ...

Income Tax

June 13, 2019

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