Branding Expenses by Start-Up before Commencement of Business constitute “Business Loss”: ITAT [Read Order]

Branding Expenses - Start-Up - Commencement of Business - Business Loss - ITAT - Income Tax - taxscan

In a recent case, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that branding expenses by a Start-Up before the commencement of business constitute “Business Loss” and a claim by the assessee was allowed. M/s Qyuki Digital Media Private Limited, the assessee challenged the order passed by the CIT(A)-21, Mumbai, which upholds…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now