new
activity, i.e. steel melting and for transfer of said
connection in the name of private limited company so
formed for new line activity ... using power connection for new activity. So far as
fourth condition seeking necessary permission for
manufacturing of new line activity, i.e. steel melting
appellant was entitled for deduction profits derived from network
of new lines for transmission and distribution of power.
8.1. During the course of appellate proceedings ... entitled to deduction of
profit derived from laying of network of new lines for transmission
or distribution of power The appendant is seen to have
bank
account bearing number 233010200016250 at Axis Bank, New Marine
Lines, Mumbai-400020 is maintained by M/s Navkar Trading Co.-Prop.
Shri Bherulal ... said bank account of the
assessee maintained with Axis Bank , New Marine Lines, Mumbai but
the assessee did not submit any details before
decisions by submitting that in all these cases, the new project was in
new line of business and hence expenses were treated as capital ... claim that expenditure on new
projects is allowable if the new project is in the same line of business is not upheld in the
following
Rameshwar vs State Of Haryana on 12 March, 2018
Equivalent citations: AIRONLINE 2018 SC 418
Rameshwar vs State Of Haryana on 12 March, 2018
Author: Uday Umesh Lalit
Bench: Uday
wanted to set up a new project, the incurred expenditure for a new project that was a different line of business, which was subsequently abandoned ... proper test to be applied is not the nature of new line of business, which was commenced by the assessee, but unity of control, management
means new line of manufacturing and not
New business with new line of activity or new line of
manufacturing, but in the same line
Jhunjhunwala, C.A.
5, Jolly Bhawan no.2,
Ground Floor, 7, New
Marine Lines, Churchgate,
Mumbai 400 020
(यनधाारयती /Assessee) (याजस्व /Revenue ... Jhunjhunwala, C.A.
5, Jolly Bhawan no.2,
Ground Floor, 7, New
Marine Lines, Churchgate,
Mumbai 400 020
(यनधाारयती /Assessee) (याजस्व /Revenue
held that the interest and
commitment charges in respect of new power project division which has
not started any production during the year was held ... vehemently submitted that the
captive power plant was entirely a new line of business which was only in
the process of being
