https://www.taxtmi.com/caselaws?id=220005 The Court upheld the Tribunal's findings, concluding that the assessment order for AY 1998-99 was conclusive on the date of business commencement for determining tax liability. It emphasized the importance of settling fundamental issues like business commencement conclusively for at least one year and not reopening them repeatedly. The Court accepted the business commencement date as 01.01.1997, dismissing the revenue's challenge in subsequent years and ruling in favor of the assessee. en-us Fri, 05 Oct 2012 00:00:00 +0530 Sat, 05 Jan 2013 09:07:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220005 The Court upheld the Tribunal's findings, concluding that the assessment order for AY 1998-99 was conclusive on the date of business commencement for determining tax liability. It emphasized the importance of settling fundamental issues like business commencement conclusively for at least one year and not reopening them repeatedly. The Court accepted the business commencement date as 01.01.1997, dismissing the revenue's challenge in subsequent years and ruling in favor of the assessee. Case-Laws Income Tax Fri, 05 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220005