https://www.taxtmi.com/caselaws?id=77647 The Court ruled in favor of the assessee, a private limited company, allowing them to claim a 100% deduction under section 80-IA(4) of the Act for the assessment year 2001-02. The Court found that the company fulfilled the conditions for claiming the deduction after converting from a partnership firm, as the memorandum of association explicitly mentioned the continuation of the partnership business under the new company. Additionally, the acceptance of the conversion by the Chief Engineer was considered part of the agreement with the Government, making the company eligible for the deduction. The Court upheld the assessee's right to claim the deduction under section 80-IA(4), dismissing the Revenue's appeal. en-us Mon, 17 Mar 2008 00:00:00 +0530 Thu, 30 Sep 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77647 The Court ruled in favor of the assessee, a private limited company, allowing them to claim a 100% deduction under section 80-IA(4) of the Act for the assessment year 2001-02. The Court found that the company fulfilled the conditions for claiming the deduction after converting from a partnership firm, as the memorandum of association explicitly mentioned the continuation of the partnership business under the new company. Additionally, the acceptance of the conversion by the Chief Engineer was considered part of the agreement with the Government, making the company eligible for the deduction. The Court upheld the assessee's right to claim the deduction under section 80-IA(4), dismissing the Revenue's appeal. Case-Laws Income Tax Mon, 17 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77647