Tag: ITAT

Signing of JDA is Proof that Assessee began Enterprise: ITAT permits Expenditure Declare

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from Rasheela Basheer – October 10, 2021 5:11 p.m. The Hyderabad Bank of the Income Tax Appellate Tribunal (ITAT) has ruled that the fact that the Assesse has entered into a Joint Development Agreement (JDA) to develop the property is evidence that the assessee has commenced business.The Assesse company that buys, buys, leases or exchanges,