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been laid out or expended before the commencement of the business (not being expenditure laid out or expended before ... expended in the previous year in which the business is commenced;]
(ii) any sum paid to a scientific research association
Central Government Act
expended in the previous year in which the business is commenced, the limit referred to in this sub- clause shall ... relation to the previous year in which the business is commenced, be an amount calculated at the rate of five
Central Government Act
before the commencement of his business, or
(ii) after the commencement of his business, in connection with the extension ... years beginning with the previous year in which the business commences or, as the case may be, the previous year
Central Government Act
Scheduled Bank-
(a) until the certificate to commence business is obtained under section 149; or
(b) Where such certificate
Central Government Act
Officer was that the assessee company had only commenced
business when it purchased the groundnut mill ... that the previous year of that business commences and in that
previous year the expenses incurred in the business
Bombay High Court
that on 31-3-1986,
itself, the business was ready to commence but since as per explicit
provisions ... interval between the
setting up of the business and actual commencement of the business. For
this proposition, the Bombay High
Delhi High Court
aforesaid decision applies to an assessee which has not commenced
business operation and is still under construction period. That ... case, since the assessee in the
present case has commenced business.
18.
The learned Departmental Representative reiterated her submissions
Income Tax Appellate Tribunal - Nagpur
assessee
Corporation, thereafter, was granted Certificate for Commencement of
Business by the ROC, Gujarat ... 1989-90. Had the assessee's business commenced, it would have had
filed the Tax Audit Report in view
Income Tax Appellate Tribunal - Ahmedabad
sufficient to hold that
the assessee's business commenced thereafter because assessee by its
own act of not effecting ... allowed to take a plea that it has commenced
business for the purpose of taxation based upon various judicial
decisions
Income Tax Appellate Tribunal - Mumbai
investment. He
further noted, assessee has not commenced its business after its
incorporation on 29.05.1992. Assessee was only engaged ... already commenced
the business. The expenditure was not for commencement business and it
has nothing to do with the setting
Income Tax Appellate Tribunal - Mumbai
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