https://www.taxtmi.com/caselaws?id=8741 Revenue deduction concern addresses when a new manufacturing business is treated as 'set up' for tax purposes. The legal basis is that commercial commencement requires the enterprise to be ready to perform its manufacturing function, which in this case depended on installation of necessary machinery; preparatory acts (leasing land, hiring management, ordering materials or equipment) are insufficient. Consequently the business was not set up before the machinery installation in July 1966, and the earlier Tribunal finding to the contrary was unsupported by evidence, with costs directed against the assessee. en-us Fri, 21 Jul 1972 00:00:00 +0530 Mon, 19 Jan 2026 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8741 Revenue deduction concern addresses when a new manufacturing business is treated as 'set up' for tax purposes. The legal basis is that commercial commencement requires the enterprise to be ready to perform its manufacturing function, which in this case depended on installation of necessary machinery; preparatory acts (leasing land, hiring management, ordering materials or equipment) are insufficient. Consequently the business was not set up before the machinery installation in July 1966, and the earlier Tribunal finding to the contrary was unsupported by evidence, with costs directed against the assessee. Case-Laws Income Tax Fri, 21 Jul 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8741