Friday, April 25, 2014

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



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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