Presumption of continuity of business, when external restriction ...

SEBI Order Restricts Business Operations, But Does Not Signal Business Termination; Valid BSE Card Still Held.

September 10, 2013

Case Laws     Income Tax     AT

Presumption of continuity of business, when external restriction has been put on carrying of business - The assessee is having valid BSE card which could not be used for the reason that SEBI has passed an order barring the assessee not to do any business activity – Assessee’s business has not come to an end - AT

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