Pre-Operative Expenses of Developing Business Activities shall not be disallowed: ITAT Grant Relief to Honda Access [Read Order]

By Aparna. M - On July 8, 2023 6:30 am - 2 mins read
Pre-Operative Expenses - Development - Business Activities - disallowance - ITAT - Honda Access - Relief - taxscan

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) while granting relief to Honda Access held that pre -operative expenses of developing business activities should not be disallowed. The assessee, Honda Access India Pvt is a subsidiary of Honda Access Corporation, Japan and engaged in the business of manufacturing, trading etc. of automobile accessories,…

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