https://www.taxtmi.com/caselaws?id=71504 The Tribunal upheld the decision to reject the assessee's claim for deduction under section 80HH of the Income-tax Act. It found that the machinery leased to the assessee was not eligible for the deduction as it was already in use in the firm's factory, precluding it from being considered a newly established undertaking. The Tribunal determined that the lease deed constituted a transfer of property to the assessee and that the assessee failed to prove compliance with the requirements of section 80HH. Consequently, the appeals were dismissed, and the assessee's claim was rejected. en-us Thu, 04 May 1995 00:00:00 +0530 Mon, 25 Apr 2011 13:13:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71504 The Tribunal upheld the decision to reject the assessee's claim for deduction under section 80HH of the Income-tax Act. It found that the machinery leased to the assessee was not eligible for the deduction as it was already in use in the firm's factory, precluding it from being considered a newly established undertaking. The Tribunal determined that the lease deed constituted a transfer of property to the assessee and that the assessee failed to prove compliance with the requirements of section 80HH. Consequently, the appeals were dismissed, and the assessee's claim was rejected. Case-Laws Income Tax Thu, 04 May 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71504