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Gujarat High Court Rules: Businesses Can Claim Tax Deductions on Active Projects Even If They Haven't Made Money Yet

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High Court of GujaratR/Tax Appeal No. 277 of 2024August 12, 2026Honourable Mr. Justice Bhargav D. Karia and Honourable Mr. Justice Pranav TrivediPrincipal Commissioner of Income Tax 3, Ahmedabad (Appellant-Revenue) vs. M/S Gujarat State Road Development Corporation Limited (Respondent-Assessee)"Disclaimer: This article is a simplified summary of the court judgment prepared for informational and educational purposes only. It does not constitute legal advice or an official legal document. For comp...

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Corporate Tax and Business Deductions
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