https://www.taxtmi.com/caselaws?id=264798 The Tribunal allowed the appeal, overturning the disallowance of depreciation and business loss claimed by the appellant. The decision was based on evidence demonstrating the completion of construction, machinery installation, and trial production, indicating the readiness of the business setup. The appellant's documentation, including payments to contractors, generator usage, and sales records, supported the Tribunal's finding that the manufacturing activity had commenced. en-us Tue, 21 Oct 2014 00:00:00 +0530 Sat, 03 Oct 2015 11:37:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264798 The Tribunal allowed the appeal, overturning the disallowance of depreciation and business loss claimed by the appellant. The decision was based on evidence demonstrating the completion of construction, machinery installation, and trial production, indicating the readiness of the business setup. The appellant's documentation, including payments to contractors, generator usage, and sales records, supported the Tribunal's finding that the manufacturing activity had commenced. Case-Laws Income Tax Tue, 21 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264798