https://www.taxtmi.com/caselaws?id=257511 The Tribunal allowed the assessee's appeals, directing the AO to grant the deduction under section 80 IB of the Income Tax Act, 1961. The Tribunal found that the machinery installed was new, supported by credible evidence such as certificates from independent agencies. As the assessee fulfilled the conditions, the deduction was approved for all relevant years, overturning the previous decision and emphasizing the sufficiency of evidence provided. en-us Wed, 25 Feb 2015 00:00:00 +0530 Thu, 12 Mar 2015 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257511 The Tribunal allowed the assessee's appeals, directing the AO to grant the deduction under section 80 IB of the Income Tax Act, 1961. The Tribunal found that the machinery installed was new, supported by credible evidence such as certificates from independent agencies. As the assessee fulfilled the conditions, the deduction was approved for all relevant years, overturning the previous decision and emphasizing the sufficiency of evidence provided. Case-Laws Income Tax Wed, 25 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257511