THE ACIT, ERNAKULAM vs. M/S. THOMSON METALS, TRICHUR
In the result, the appeal filed by the Revenue is allowed for statistical purposes
ITA 124/COCH/2017[2011-12]Status: DisposedITAT Cochin01 Apr 2019AY 2011-12
Bench: Shri Chandra Poojari, Am & Shri George George K, Jm
For Appellant: Smt.A.S.Bindhu, Sr.DRFor Respondent: Sri. Sathish John Kanichai, FCA
Section 132Section 153CSection 68
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
