https://www.taxtmi.com/caselaws?id=240527 The tribunal dismissed the assessee's appeal, upholding the findings of the CIT(A) and the AO that the claim for deduction under section 80IA was not valid due to the transfer of previously used machinery, thus violating section 80IA(3) of the Income Tax Act. The issue concerning the rate credited by the Tamilnadu Electricity Board was deemed irrelevant following the dismissal of the primary claim. The appeal was concluded on 04/01/2013 in Chennai. en-us Fri, 04 Jan 2013 00:00:00 +0530 Fri, 06 Dec 2013 07:46:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240527 The tribunal dismissed the assessee's appeal, upholding the findings of the CIT(A) and the AO that the claim for deduction under section 80IA was not valid due to the transfer of previously used machinery, thus violating section 80IA(3) of the Income Tax Act. The issue concerning the rate credited by the Tamilnadu Electricity Board was deemed irrelevant following the dismissal of the primary claim. The appeal was concluded on 04/01/2013 in Chennai. Case-Laws Income Tax Fri, 04 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240527