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

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 ...