[aaykarbhavan] ITAT : Rejects unsubstantiated pre set-up business loss; Reiterates non-allowability of pre set-up expenditure

ITAT : Rejects unsubstantiated pre set-up business loss; Reiterates non-allowability of pre set-up expenditure 
ALD Automotive Pvt. Ltd.

April 25 2014

ITAT rejects assessee's deduction claim of business loss and depreciation, assessee was still in a "setting up stage" and business was not set-up

Courtesy taxsutra

 

Regards

Prarthana Jalan

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