ITAT on Commencement of Business of Metro Rail Project

To operate the Metro Rail System commercially, the assessee is required to place the necessary infrastructure in place and the assessee is also given the obligation of planning, building and making the system operational. In order to plan the system, the assessee is required to set up an administrative office and also is required to design the system and call for tenders for building the necessary infrastructure. As seen from the Director’s report placed in the paper book, the assessee had acquired the land and had paid the compensation to the displaced land owners and has also initially...