Document Fragment View

Matching Fragments

I have carefully examined all the facts pertaining to the issue and I am of the opinion that assessee is engaged in the show business of running cinema, theatre etc. Therefore, it needs to be seen that as to when it can ITA NOS. 194 & 213/DEL/2011 reasonably be held that the assessee has set up his business.
Even the road show conducted for launching of the project were only promotional activities and are therefore pre- operational in nature. From the details of various agreements provided by the appellant it can reasonably be held that the date on which the building for cinema was occupied on rent i.e. 01.01.03 can safely be held as the cut- off date. In fact it is in January 2003 that the appellant has also entered into agreement with distributors & media agencies; telephone lines were installed in January 2003 & even trial run of the Cinema was carried out in Dec. 2002 & fixed assets purchased.