https://www.taxtmi.com/highlights?id=12500 Commencmen of business - When the assessee in the present case was in a position to apply for the tender, borrowed money for interest albeit from its holding company and deposited the same with NGEF Ltd. on the same day, it shows that the assessee's business had been set-up and it was ready to commence business. - HC en-us Tue, 30 Apr 2013 11:08:53 +0530 Tue, 30 Apr 2013 11:08:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=12500 Commencmen of business - When the assessee in the present case was in a position to apply for the tender, borrowed money for interest albeit from its holding company and deposited the same with NGEF Ltd. on the same day, it shows that the assessee's business had been set-up and it was ready to commence business. - HC Highlights Income Tax Tue, 30 Apr 2013 11:08:53 +0530 https://www.taxtmi.com/highlights?id=12500