To claim business loss, assessee not required to establish for each successive A.Y. that it has commenced its business

HIGH COURT OF DELHI Commissioner of Income-tax Versus Rio Tinto India (P.) Ltd. IT APPEAL NOS. 817, 819, 822, 899 & 900 of 2011 OCTOBER 5, 2012 JUDGMENT S. Ravindra Bhat, J. – The present common judgment will dispose of five appeals. The following common question of law arises for consideration: “Did the Tribunal fall into error in holding that the assessment order for AY 1998-99 was conclusive on the issue of date of commencement of the assessee’s business for the purpose of determining its tax liability.” 2. The brief facts necessary to decide the...