Case Law Details
Case Name : DCIT-13(1)(2) Vs Qyuki Digital Media Pvt. Ltd. (ITAT Mumbai)
Related Assessment Year : 2012-13
Courts :
All ITAT ITAT Mumbai
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DCIT-13(1)(2) Vs Qyuki Digital Media Pvt. Ltd. (ITAT Mumbai)
ITAT Mumbai held that disallowance of entire expenses alleging that assessee has not started its business activity till date not justified since non-generation of income after setting up of business cannot be a ground to disallow expenses. Accordingly, disallowance of expenses deleted.
Facts- The assessee- company is engaged in the business of production and development of internet programmes, products, services, applications etc. During the course of assessment proceedings, AO noticed that the ass
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