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If the company has undertaken certain activities as mentioned in its original objects, then it is sufficient to conclude that the business has commenced and that the expenditure incurred by the assessee is allowable
Case Law Details
- Case Name
- Commissioner of Income Tax Vs Gujarat Urban Development Opment Co. Ltd. (Gujarat High Court at Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Gujarat High Court
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IN THE HIGH COURT OF GUJARAT AT AHMEDABAD
TAX APPEAL No 14 of 2010
COMMISSIONER OF INCOME TAX – GANDHINAGAR
Versus
GUJARAT URBAN DEVELOPMENT CO. LTD.
Date : 13/06/2011
ORAL ORDER
(PER : HONOURABLE MR.JUSTICE AKIL KURESHI)
1. Revenue is in appeal against judgement of the tribunal dated 29.4.2009 raising following questions for our consideration :
(A) Whether the Appellate Tribunal is correct in holding that the business of the assessee has already commenced?
(B) Whether the Appellate Tribunal is correct in holding that if the company has undertaken certain activities as mentioned in i...
