years for its
business on account of such study being a new line of business.
Accordingly, he disallowed the claim of the expenditure ... electricity
from solar power plant/windmill and that it is a new line of
business. The appellant has stated that this is not a new
new drug. Therefore, the
assessee's experiments on a new drug cannot be said to be a new
line of business. We find that ... stand of Revenue that the
development and introduction of new products create a new line
Page
Joginder Singh Nagi vs M/S New Silver Line Traders Pvt Ltd. on 19 July, 2017
Author: Jayant Nath
Bench: Jayant Nath ... Rajinder Mathur & Mr.A.K.
Rohtagi, Advocates
versus
M/S NEW SILVER LINE TRADERS PVT LTD..... Respondent
Through Mr.Sanjeev Sindhwani, Sr.Advocate
with
have given more priority to doubling, electrification and also to some new lines. In your reply, everything was mentioned. I would request that whatever projects ... kmph. New trains are
introduced every year but due to the major difference in the ratio of
the new lines and dedicated freight corridor, these
appeal i.e.
Financial Year 2007-08 Coral Hubs Ltd. commenced new line of business
of printing on demand ... custom
application development services. The said company has also ventured
into new line of business i.e. printing on demand. Our attention has been
drawn
relation
to the profits derived from laying of such network of new lines for
transmission or distribution;
[(c) undertakes substantial renovation and modernisation ... that the aforesaid Road Project is a new line of
activity and thus a new business in distinction with the existing business
is singularly fallacious
capital expenditure being pre-commencement expenses
and project considered as new line of business and expenses being
shown in the Profit & Loss Account ... commencement hence capital in nature. He considered the project as
new line of business hence capital in nature. It is proposal and in
principle approval
New Delhi - 110 005. ) .. Appellant
VERSUS
1. M/s. Cameo Fabrics Ltd. )
having its registered office at )
101, Church Gate Chambers, )
5, New Marine Lines ... Nand Lal Gupta )
101, Church Gate Chambers, )
5, New Marine Lines, )
Mumbai - 400 020. )
Also at : C-16, MIDC, Kalva Industrial)
Estate, Thana Belapur Road
Further General Discussion On The Union Budget (2017-18) (Discussion ... on 9 February, 2017
Sixteenth
three years, and the fact that it has also commenced a
new line of business of Printing on Demand(POD), wherein it prints
upon clients ... three years, and the fact that it has also commenced a
new line of business of Printing on Demand(POD), wherein it prints
upon clients
