Denial of pre-operative expenses intricate to nature of business activity is unsustainable

 Honda Access India Pvt Ltd Vs DCIT (ITAT Delhi) ITAT Delhi held that denial of pre-operative expenses like brokerage and commission expenses, business promotion expenses, vehicle running expenses, etc. intricate to the nature of business activity is unsustainable. Facts- The assessee was incorporated on 17.07.2012 in India as a subsidiary of Honda Access Corporation, Japan. The appellant is engaged in the business of manufacturing, trading etc. of automobile accessories, auto parts and fittings of all kinds. The case of the assessee was selected for scrutiny. AO concluded that the company ha...