https://www.taxtmi.com/highlights?id=53824 Setting up of business during the year under consideration - Assessee having invested substantial amount in the purchase of another property in the year itself, thus, set up of its business as per its Memorandum of Understanding was done, since it was engaged in the business of real estate. - the assessee having not only set up its business but had also commenced its business during the previous year itself. en-us Wed, 24 Jun 2020 11:15:27 +0530 Wed, 24 Jun 2020 11:15:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53824 Setting up of business during the year under consideration - Assessee having invested substantial amount in the purchase of another property in the year itself, thus, set up of its business as per its Memorandum of Understanding was done, since it was engaged in the business of real estate. - the assessee having not only set up its business but had also commenced its business during the previous year itself. Highlights Income Tax Wed, 24 Jun 2020 11:15:27 +0530 https://www.taxtmi.com/highlights?id=53824