https://www.taxtmi.com/caselaws?id=187459 The Delhi High Court upheld the findings of the CIT(A) and ITAT regarding the continuation of the assessee's business for the relevant assessment year. Despite initial conclusions by the Assessing Officer, the Tribunal considered various factors such as expenses incurred and new business activities, affirming the ongoing nature of the business. The interconnection between the turbo charger business and the new venture further supported this conclusion. The Revenue's inability to challenge the facts presented by the CIT(A) led to the dismissal of the appeal by the High Court. en-us Wed, 01 Apr 2009 00:00:00 +0530 Sat, 22 Oct 2016 13:54:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187459 The Delhi High Court upheld the findings of the CIT(A) and ITAT regarding the continuation of the assessee's business for the relevant assessment year. Despite initial conclusions by the Assessing Officer, the Tribunal considered various factors such as expenses incurred and new business activities, affirming the ongoing nature of the business. The interconnection between the turbo charger business and the new venture further supported this conclusion. The Revenue's inability to challenge the facts presented by the CIT(A) led to the dismissal of the appeal by the High Court. Case-Laws Income Tax Wed, 01 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187459