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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Commencement of business - The AO as well as CIT(A) have ...


AO and CIT(A) Misstep: Revenue Flow Not a Prerequisite for Establishing Business Operations' Commencement.

September 12, 2012

Case Laws     Income Tax     AT

Commencement of business - The AO as well as CIT(A) have misdirected themselves in this regard by laying emphasis on flow of revenue as a condition precedent for coming to a conclusion that business of the Assessee has been set up - AT

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