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…

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