https://www.taxtmi.com/caselaws?id=215511 Deduction under Section 80IB is available with reference to the industrial undertaking, not the proprietor as such, so each industrial unit must be tested independently against the statutory conditions. Where an assessee operates more than one separately located unit, the investment in a unit not claimed for the benefit cannot be clubbed with the eligible unit to defeat the monetary limit under Section 80IB(3)(ii). The scheme of Section 80IA(5) supports treating the qualifying unit as an independent source of income for computation. On that basis, the first unit had to be examined separately and remained eligible for deduction. en-us Thu, 26 Jul 2012 00:00:00 +0530 Wed, 08 Aug 2012 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215511 Deduction under Section 80IB is available with reference to the industrial undertaking, not the proprietor as such, so each industrial unit must be tested independently against the statutory conditions. Where an assessee operates more than one separately located unit, the investment in a unit not claimed for the benefit cannot be clubbed with the eligible unit to defeat the monetary limit under Section 80IB(3)(ii). The scheme of Section 80IA(5) supports treating the qualifying unit as an independent source of income for computation. On that basis, the first unit had to be examined separately and remained eligible for deduction. Case-Laws Income Tax Thu, 26 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215511