https://www.taxtmi.com/caselaws?id=213453 Deduction under section 10B was available because the new 100% export-oriented undertaking was not formed by reconstruction of an existing business and no transfer of previously used machinery was established. The earlier unit had ceased long before the new unit began, defeating any reconstruction objection, and the small plant-and-machinery figure was not shown to represent used assets deployed in the new unit. Manufacture or production was also satisfied: the assessee's handmade quilts and bed spreads were produced through substantial designing, supervision, packing, finishing and quality control, including controlled job work, which did not negate manufacture. The statutory approval as a 100% EOU was likewise satisfied, so the disallowance could not stand. en-us Wed, 30 Nov 2011 00:00:00 +0530 Tue, 22 May 2012 08:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213453 Deduction under section 10B was available because the new 100% export-oriented undertaking was not formed by reconstruction of an existing business and no transfer of previously used machinery was established. The earlier unit had ceased long before the new unit began, defeating any reconstruction objection, and the small plant-and-machinery figure was not shown to represent used assets deployed in the new unit. Manufacture or production was also satisfied: the assessee's handmade quilts and bed spreads were produced through substantial designing, supervision, packing, finishing and quality control, including controlled job work, which did not negate manufacture. The statutory approval as a 100% EOU was likewise satisfied, so the disallowance could not stand. Case-Laws Income Tax Wed, 30 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213453