Allowing the appeal of the assessee the Tribunal held that once the business is set-up general and selling expenses are allowable as deduction though no revenue was generated. (ITA No. 3014/Delhi/2018 dt. 17-9-2-2021) (AY. 2013-14)
Logix Buildtech (P) Ltd. v. ACIT (2021) The Chamber’s Journal-December-P. 68 (Delhi)(Trib.)
S. 37(1) : Business expenditure-Real estate business-Pre-Operative expenses-Set-up of business-General administration and selling expenses are allowable as deduction though no revenue was generated.