https://www.taxtmi.com/caselaws?id=250259 The court affirmed that the assessee was entitled to deductions under Section 80-IB of the Income Tax Act. It clarified that the conversion from proprietorship to partnership did not disqualify the deductions as the industrial undertaking remained intact through the transition. The court emphasized the continuity of the business entity and its assets, ensuring eligibility for tax benefits under the specified provisions. en-us Tue, 05 Aug 2014 00:00:00 +0530 Sat, 07 Nov 2015 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250259 The court affirmed that the assessee was entitled to deductions under Section 80-IB of the Income Tax Act. It clarified that the conversion from proprietorship to partnership did not disqualify the deductions as the industrial undertaking remained intact through the transition. The court emphasized the continuity of the business entity and its assets, ensuring eligibility for tax benefits under the specified provisions. Case-Laws Income Tax Tue, 05 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250259