TMI Blog2009 (4) TMI 978X X X X Extracts X X X X X X X X Extracts X X X X ..... had been continued for the relevant assessment year. The CIT(A) has taken note of the fact that even if orders had not been received, there was ample reason to conclude that the business operations were continuing in the relevant year. Ms. Sonia Mathur has urged before us that the ITAT has sustained the findings of the CIT(A) by only relying on its own order for an earlier assessment year i.e., ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rom the order of the CIT(A), which has been upheld by the ITAT is relevant. I have considered the facts of the case and also gone through the appellate order for immediately preceding year. In fact, I have given a finding in assessment year 2002-03 that the business of turbo charges is in existence and merely because orders were not received, there could be no adverse inference. As in the case ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ins blanks as a 100% EOU and all the requisite approvals were obtained and the products were being tested. In fact, the business of coins blanks is also integrated and complimentary to the business of the turbo charges as the exciting plant and machinery continued to be used. There is interlacing of funds, management and infrastructure. It is quite clear that none of the facts found by the CIT( ..... X X X X Extracts X X X X X X X X Extracts X X X X
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