https://www.taxtmi.com/caselaws?id=15523 The High Court of Madras determined that the assessee had commenced business activities during the assessment year 1973-74, involving the manufacturing of cadmium sulphide photo cells. Despite quality issues preventing the sale of the final product, the court found that the assessee had set up the unit, installed machinery, and started production, meeting the criteria for business commencement. The Tribunal upheld this decision, allowing the assessee to claim the loss incurred and ruling in their favor against the Revenue. en-us Tue, 17 Feb 1998 00:00:00 +0530 Tue, 25 Aug 2009 17:15:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15523 The High Court of Madras determined that the assessee had commenced business activities during the assessment year 1973-74, involving the manufacturing of cadmium sulphide photo cells. Despite quality issues preventing the sale of the final product, the court found that the assessee had set up the unit, installed machinery, and started production, meeting the criteria for business commencement. The Tribunal upheld this decision, allowing the assessee to claim the loss incurred and ruling in their favor against the Revenue. Case-Laws Income Tax Tue, 17 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15523