https://www.taxtmi.com/caselaws?id=235357 Deduction under section 10B remained available where an existing 100% Export Oriented Unit was acquired as a going concern through slump sale. The transfer was of the entire undertaking, not a split-up or reconstruction of business, so the statutory condition against such restructuring was not breached. The objection based on previously used machinery also failed because the transaction involved transfer of the whole unit, not selected old assets into a new business. The unit's 100% EOU approval had not been shown to be withdrawn by the competent authority, and the domestic turnover objection did not defeat the claim. The assessee was therefore entitled to section 10B deduction for the relevant years. en-us Fri, 17 May 2013 00:00:00 +0530 Fri, 01 Apr 2016 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235357 Deduction under section 10B remained available where an existing 100% Export Oriented Unit was acquired as a going concern through slump sale. The transfer was of the entire undertaking, not a split-up or reconstruction of business, so the statutory condition against such restructuring was not breached. The objection based on previously used machinery also failed because the transaction involved transfer of the whole unit, not selected old assets into a new business. The unit's 100% EOU approval had not been shown to be withdrawn by the competent authority, and the domestic turnover objection did not defeat the claim. The assessee was therefore entitled to section 10B deduction for the relevant years. Case-Laws Income Tax Fri, 17 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235357