https://www.taxtmi.com/caselaws?id=217533 Deduction under section 80IB is available only where the assessee continues to qualify as a small scale industrial undertaking under section 11B of the Industries (Development and Regulation) Act, 1951. The relevant eligibility test is applied with reference to the last day of the previous year, and investment in plant and machinery must remain within the prescribed ceiling. Where the assessee's fixed-asset investment, including machinery put to use and not put to use, exceeds that limit, SSI status is lost for the year concerned and the section 80IB claim fails. en-us Mon, 09 Jul 2012 00:00:00 +0530 Fri, 08 Apr 2016 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217533 Deduction under section 80IB is available only where the assessee continues to qualify as a small scale industrial undertaking under section 11B of the Industries (Development and Regulation) Act, 1951. The relevant eligibility test is applied with reference to the last day of the previous year, and investment in plant and machinery must remain within the prescribed ceiling. Where the assessee's fixed-asset investment, including machinery put to use and not put to use, exceeds that limit, SSI status is lost for the year concerned and the section 80IB claim fails. Case-Laws Income Tax Mon, 09 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217533