https://www.taxtmi.com/caselaws?id=122969 The Tribunal upheld the denial of deduction under section 10-B for the Kunigal Unit due to the non-satisfaction of eligibility criteria regarding the acquisition of old machinery. However, the disallowance of cultivation expenses amounting to Rs. 90.64 lakhs was overturned, allowing the expenses incurred for business purposes. As a result, the appeal was partly allowed, with the assessee's claim for cultivation expenses being accepted. en-us Fri, 25 Feb 2011 00:00:00 +0530 Wed, 22 Aug 2012 13:35:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122969 The Tribunal upheld the denial of deduction under section 10-B for the Kunigal Unit due to the non-satisfaction of eligibility criteria regarding the acquisition of old machinery. However, the disallowance of cultivation expenses amounting to Rs. 90.64 lakhs was overturned, allowing the expenses incurred for business purposes. As a result, the appeal was partly allowed, with the assessee's claim for cultivation expenses being accepted. Case-Laws Income Tax Fri, 25 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122969