Corporate tax alert has been saved
Corporate tax alert
Nature of business activity to be examined for deciding date of set-up of business
The Delhi Bench of the Income-tax Appellate Tribunal (ITAT), based on facts of the case, has rendered its decision that the nature of business activity needs to be examined to determine the date of set-up, and without examining the same, on the nature of expenditure alone, the question cannot not be sufficiently answered.
