‘Date of setting up of business’ of assessee is the date when one of the categories of its business starts

IN THE ITAT AHMEDABAD BENCH (special bench) Sardar Sarovar Narmada Nigam Ltd. v/s. Assistant Commissioner of Income-tax, Gandhinagar Circle IT APPEAL NO. 2654 (AHD.) OF 2004 [ASSESSMENT YEAR 2001-02] SEPTEMBER 7, 2012 ORDER Per Bench The circumstances leading to the above appeal by the Assessee against the order of Commissioner of Income-tax(Appeals) [“CIT(A)”], Gandhinagar, Ahmedabad dated 02.07.2003 being referred for consideration by a Special Bench by the Hon’ble President are as follows. 2. The Assessee is a Company. The Government of Gujarat established...