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Commissioner Of Income-Tax, Bombay ... vs Industrial Solvents And Chemicals Pvt. ... on 20 June, 1978 cites

Western India Vegetable Products Ltd. vs Commissioner Of Income-Tax, Bombay ... on 24 March, 1954

In our opinion, when the question is so put, the answer is obvious and the answer is that till some end product which is the business of the company is or can be obtained, it cannot be said that the company is ready to commence production and it is such readiness to commence production which has been indicated in Western India Vegetable Products Ltd.'s case [1954] 26 ITR 151 (Bom) as equivalent to the setting up of the business.
Bombay High Court Cites 0 - Cited by 166 - B P Sinha - Full Document

Prem Conductors Pvt. Ltd. vs Commissioner Of Income-Tax, Gujarat-I on 22 March, 1976

In Press Conductors Pvt. Ltd. v. CIT [1977] 108 ITR 654 (Guj), there was a totally different situation as the company was set up to take over an existing running factory. In our case, the activity of the assessee-company was to produce industrial solvents, viz., ether. Can the assessee-company be said to be ready to commence its business, viz., production of ether, merely when the machinery was installed or even when the plant was charged initially with 200 gallons of raw materia ?
Gujarat High Court Cites 9 - Cited by 38 - Full Document

Commissioner Of Income-Tax vs Sarabhai Sons Pvt. Ltd. on 21 March, 1972

In Sarabhai Sons Pvt. Ltd.'s case [1973] 90 ITR 318 (Guj), it was observed that the new business could not be said to be ready to discharge the function for which it was established, namely, manufacture of scientific instruments and communication equipment, until the machinery necessary for the purpose of manufacture was installed. It was held that obtaining land on lease, placing orders for machinery and raw materials were merely operations for the setting up of the business. It was observed (at page 322) :
Gujarat High Court Cites 8 - Cited by 11 - P N Bhagwati - Full Document

Commissioner Of Income-Tax, Gujrat I vs Saurashtra Cement And Chemical ... on 17 August, 1972

14. As far as the two other decisions of the Gujarat High Court are concerned, viz., Saurashtra Cement's case [1973] 91 ITR 170 and Sarabhai Management Corporation's case [1976] 102 ITR 25, we find that they are not of great assistance in determining the questions referred to us, as the activities of the assessee-companies were of a totally different kind, and in both the cases it was held by the court that there was more than one activity which consideration affected the answer to be given to the question under consideration, viz., when was the business set u ?
Gujarat High Court Cites 1 - Cited by 149 - P N Bhagwati - Full Document

Sarabhai Management Corporation Ltd. vs Commissioner Of Income-Tax, Gujarat on 27 August, 1975

14. As far as the two other decisions of the Gujarat High Court are concerned, viz., Saurashtra Cement's case [1973] 91 ITR 170 and Sarabhai Management Corporation's case [1976] 102 ITR 25, we find that they are not of great assistance in determining the questions referred to us, as the activities of the assessee-companies were of a totally different kind, and in both the cases it was held by the court that there was more than one activity which consideration affected the answer to be given to the question under consideration, viz., when was the business set u ?
Gujarat High Court Cites 7 - Cited by 59 - Full Document
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