Entries in books do not dictate tax treatment: ITAT allows expense

Vijay Flexible Containers Private Limited Vs DCIT (ITAT Mumbai)

Introduction: The case of Vijay Flexible Containers Pvt. Ltd. vs. DCIT, heard by ITAT Mumbai, addresses the deduction of revenue expenses for start-up businesses before actual business commencement. The dispute revolves around the categorization of expenses and their treatment for tax purposes.

Analysis: The appellant, Vijay Flexible Containers Pvt. Ltd., challenged the decision of CIT(A) rega

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