https://www.taxtmi.com/caselaws?id=4564 HC held the taxpayer commenced business on or after 15 Aug 1995 when it acquired licenses to distribute via cable, SMATV and DTH, because commencement occurs once essential business activity is capable of starting. Tribunal's factual finding that the taxpayer was ready to commence on 15 Aug 1995 was upheld as unimpeachable and did not raise a substantial question of law under s.260-A. Revenue's appeal was dismissed, affirming allowance of expenditure/depreciation from that date. en-us Mon, 10 Mar 2008 00:00:00 +0530 Wed, 10 Sep 2025 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4564 HC held the taxpayer commenced business on or after 15 Aug 1995 when it acquired licenses to distribute via cable, SMATV and DTH, because commencement occurs once essential business activity is capable of starting. Tribunal's factual finding that the taxpayer was ready to commence on 15 Aug 1995 was upheld as unimpeachable and did not raise a substantial question of law under s.260-A. Revenue's appeal was dismissed, affirming allowance of expenditure/depreciation from that date. Case-Laws Income Tax Mon, 10 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4564