2007 (1) TMI 87

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Bench "A" in I. T. A. Nos. 3098 and 2664/Del./2004 relevant to the assessment years 1999-2000 and 2000-01: 2 The only issue that has been raised in this appeal filed under section 260A of the Income-tax Act, 1961, is with regard to the date of commencement of business of the assessee. 3 According to the Revenue, the assessee had commenced its business on September 15, 1999, whereas accordin....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... its business on February 9, 1999. This view was accepted by the Commissioner of Income-tax (Appeals). However, in appeal the Tribunal disagreed with the authorities below after taking into consideration the facts of the case. 6 It was noted by the learned Tribunal that transactions have been entered into between the assessee and DCIL in terms of the agreement dated February 9, 1999. In fact, a....