https://www.taxtmi.com/caselaws?id=122189 The Tribunal dismissed three miscellaneous applications seeking rectification of mistakes in a consolidated order for assessment years 1998-99, 1999-2000, and 2000-01 related to the business activity of owning and maintaining racehorses. Despite the applicant's argument that the sold foals and fillies were race-ready, the Tribunal emphasized the lack of evidence showing their success on the racecourse. The Tribunal held that selling foals and fillies did not change the primary business activity of owning and maintaining racehorses, rejecting the applications for rectification. en-us Mon, 31 May 2010 00:00:00 +0530 Thu, 09 Aug 2012 12:51:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122189 The Tribunal dismissed three miscellaneous applications seeking rectification of mistakes in a consolidated order for assessment years 1998-99, 1999-2000, and 2000-01 related to the business activity of owning and maintaining racehorses. Despite the applicant's argument that the sold foals and fillies were race-ready, the Tribunal emphasized the lack of evidence showing their success on the racecourse. The Tribunal held that selling foals and fillies did not change the primary business activity of owning and maintaining racehorses, rejecting the applications for rectification. Case-Laws Income Tax Mon, 31 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122189