Pre-Operative Expenses can’t be allowed as a Business Expense: ITAT [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) in the case of Maruti Insurance Pvt. Ltd. vs. DCIT held that the expenses which are incurred before the operation of a company are called preoperative expenses and these expenses cannot be allowed as business expenses. The facts of the case are that the assessee is […]

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