https://www.taxtmi.com/caselaws?id=255046 The High Court upheld the Tribunal's decision, affirming the assessee's entitlement to the deduction under Section 80I of the Income Tax Act. The Court agreed with the Tribunal's reasoning that the plant and machinery were never used by the earlier owner, justifying the assessee's eligibility for the deduction. The appeals filed by the revenue were dismissed, ruling in favor of the assessee and against the revenue. en-us Tue, 25 Nov 2014 00:00:00 +0530 Wed, 07 Jan 2015 06:43:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255046 The High Court upheld the Tribunal's decision, affirming the assessee's entitlement to the deduction under Section 80I of the Income Tax Act. The Court agreed with the Tribunal's reasoning that the plant and machinery were never used by the earlier owner, justifying the assessee's eligibility for the deduction. The appeals filed by the revenue were dismissed, ruling in favor of the assessee and against the revenue. Case-Laws Income Tax Tue, 25 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255046