Capital-gains exemption for charitable trusts extends to qualifying fixed deposits, while unrecoverable TDS write-offs may constitute income applicati...
India-UK treaty characterisation of telecom-service receipts as business profits withstands unilateral domestic-law amendments for Indian tax purposes...
Transfer-pricing reimbursement adjustments require uncontrolled comparables and cannot become expense-genuineness reviews, resulting in deletion of th...
Food import sampling requirements support provisional release where unseized consignments conform to standards and raw areca classification is unestab...
Section 80IA/80IB deductions were available to a new hydraulic...
Independent manufacturing undertaking eligibility preserves Section 80IA/80IB deductions, while machinery kept ready for use qualifies for depreciation.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Section 80IA/80IB deductions were available to a new hydraulic power steering gear undertaking that operated as an integrated, independent manufacturing unit and commenced production before the statutory cut-off. Separate premises, new machinery, capital, workforce, power load, production, accounts, sales and excise records supported its independent character; subsequent machinery additions merely increased capacity. Initial-year eligibility continued through consecutive eligible years where no material facts changed. Depreciation was allowable for machinery installed and kept ready for business use, as passive use satisfies the business-use requirement where contrary evidence is absent. Deductions and depreciation were allowed for the relevant years.
Section 80IA/80IB deductions were available to a new hydraulic power steering gear undertaking that operated as an integrated, independent manufacturing unit and commenced production before the statutory cut-off. Separate premises, new machinery, capital, workforce, power load, production, accounts, sales and excise records supported its independent character; subsequent machinery additions merely increased capacity. Initial-year eligibility continued through consecutive eligible years where no material facts changed. Depreciation was allowable for machinery installed and kept ready for business use, as passive use satisfies the business-use requirement where contrary evidence is absent. Deductions and depreciation were allowed for the relevant years.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4879 
