Basic administrative expenses incurred after setting up but before commencement of business allowable

Vil Media (P) Ltd. Vs DCIT (ITAT Hyderabad) AO has disallowed the administrative expenses, like, stores and consumables, power and fuel, insurance, rates and taxes, commission, distribution expenses, net work, leased line charges, telecast and uplinking charges, costumes and cosmetic charges and miscellaneous expenditure to the extent of Rs. 65,25,508/-. AO has disallowed the above said expenditure as there is no business income in the current AY which is under consideration, but, she has not disputed the genuineness of the expenditure. Further, we notice that CIT(A) in her findings held tha...