Held that the actual commencement of revenue-generating activity does not have any bearing on determining the date of setting up of business, and expenses incurred after the date of setting up of business are eligible for deduction. (AY. 2007-08)
DCIT v. Aricent Technologies (Holding) (P.) Ltd. (2025) 213 ITD 378 (Delhi) (Trib)
S.37(1): Business expenditure-Setting up of business-Actual commencement of revenue-generating activity does not have any bearing on determining the date of setting up of business-Expenses incurred after the date of setting up of business are eligible for deduction. [S.28(i)]
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