THE ACIT, ERNAKULAM vs. M/S. THOMSON METALS, TRICHUR

In the result, the appeal filed by the Revenue is allowed for statistical purposes

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

purchased by cash introduced into the firm by partners. Thus, there is no dispute about the fact that the appellant has not commenced its business during the year under consideration. Since the business itself has not commenced, there is no question of it generating any income, leave aside the unaccounted income. ITA No.124/Coch/2017. 6 M/s.Thomson Metals. There is also

M/S.PRINCE ROLLER FLOUR MILLS P. LTD,PALAKKAD vs. THE ACIT, KOCHI