Expenditure incurred after set up of business allowable even if Commercial production not started

ITAT MUMBAI BENCH ‘D’ Deccan Goldmines Ltd. versus Assistant Commissioner of Income-tax, Range-6(2) IT APPEAL NO. 7656 (M) OF 2010 [ASSESSMENT YEAR 2005-06] JANUARY 31, 2013 ORDER D. Karunakara Rao, Accountant Member This appeal filed by the assessee on 8.11.2010 is against the order of the CIT (A)-XXVIII, Mumbai dated 10.10.2008 for the assessment year 2005-2006. 2. In this appeal, assessee raised the following grounds which read as under: “1. On the facts and circumstances of the case, the Ld CIT (A) erred in confirming the action of the AO in disallow...