https://www.taxtmi.com/caselaws?id=212737 Deduction under section 80IB(4) depends on lawful commencement of manufacture within the stipulated period. Where an industrial undertaking began production before the cut-off date but had not obtained the mandatory factory licence, the claim failed because manufacture carried on in breach of a prohibitory licensing regime did not satisfy the statutory condition. Where the assessee applied for the licence before the cut-off date and the licence was granted shortly thereafter, the delay was treated as technical and the deduction was allowed. The position therefore turned on the factual matrix: absence of a timely licence application defeated the claim, while a timely application followed by delayed grant did not. en-us Tue, 17 Jan 2012 00:00:00 +0530 Mon, 23 Apr 2012 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212737 Deduction under section 80IB(4) depends on lawful commencement of manufacture within the stipulated period. Where an industrial undertaking began production before the cut-off date but had not obtained the mandatory factory licence, the claim failed because manufacture carried on in breach of a prohibitory licensing regime did not satisfy the statutory condition. Where the assessee applied for the licence before the cut-off date and the licence was granted shortly thereafter, the delay was treated as technical and the deduction was allowed. The position therefore turned on the factual matrix: absence of a timely licence application defeated the claim, while a timely application followed by delayed grant did not. Case-Laws Income Tax Tue, 17 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212737