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![All Expenses incurred during ‘Setting Up’ and ‘Commencement’ of Business are Permissible Deductions: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "All Expenses incurred during ‘Setting Up’ and ‘Commencement’ of Business are Permissible Deductions: Bombay HC [Read Order]")
All Expenses incurred during ‘Setting Up’ and ‘Commencement’ of Business are Permissible Deductions: Bombay HC [Read Order]
In CIT v. Axis Pvt Equity Ltd, the division bench of the Bombay High Court held that all expenses incurred during the interregnum between setting up...