No Business, No 115BAB: Pre-Operative Stage Can’t Trigger 115BAB Adjustments

CA Vijayakumar Shetty 04 Sep 2025 795 Views 0 comment Print Income Tax | Judiciary

Case Law Details

Case Name : Avaada Mhkhamgaon Private Ltd. Vs ITO (ITAT Delhi)

Related Assessment Year : 2021-22

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Avaada Mhkhamgaon Private Ltd. Vs ITO (ITAT Delhi) No Business, No 115BAB: Pre-Operative Stage Can’t Trigger 115BAB Adjustments – No Income, No Concessional Tax Provisions – Notional Interest & Profit Shifting Theories Rejected- 115BAB Cannot Apply Without Business Commencement: Avaada Mhkhamgaon Private Ltd Vs ITO., ITA No.5183/DEL/2024 Avaada Sustainable RJProject Private Ltd Vs ITO., ITA No.4884/DEL/2024 Avaada Sataramh Private Ltd vs ITO ITA No.4916/DEL/2024 Assessment Year: 2021-22 – Date of Order: 03.09.2025 Delhi Tribunal in a batch of appeals involving Avaada Mhkhamg...

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Author Bio

Name: CA Vijayakumar Shetty

Qualification: CA in Practice

Company: Shetty & Co, Chartered Accountants, Mangalore

Location: Mangalore, Karnataka, India

Member Since: 17 Feb 2018 | Total Posts: 5474

CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

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Case Law Details

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Author Bio

Name: CA Vijayakumar Shetty

Qualification: CA in Practice

Company: Shetty & Co, Chartered Accountants, Mangalore

Location: Mangalore, Karnataka, India

Member Since: 17 Feb 2018 | Total Posts: 5474

My Published Posts

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