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Delhi HC allowed deduction of preliminary exp. to assessee engaged in service sector

April 16, 2019[2019] 107 79 (Delhi)/[2019] 265 Taxman 11 (Delhi)

INCOME TAX: In case of service sector, even certain kinds of preliminary steps, such as engaging in negotiation or employment of personnel, could be regarded as an activity of commencement of business and, thus, where assessee being one of such undertaking took some preliminary steps such as appointment of key personnel, preparation of draft model development agreement and initiation of process to tender financial and advisory services, its claim for deduction of depreciation, preliminary expenses and employee's remuneration was to be allowed
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