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(Querist)
07 August 2012 if a company deals in real estate business& it apply for pruchase of land in MDA & made dd in favour of mda but afterwards the company decided not to purchase land & the dd was reject.Whether from this transation it is deemed that business was started or not
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Amol S Joglekar

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Amol S Joglekar (Expert)
07 August 2012 There is sufficient proof on recird that the business is started. The abortive nature of transaction is not to be construed as business NOT started.
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