https://www.taxtmi.com/caselaws?id=262699 Once an assessee satisfies the initial conditions for deduction under Section 80-IB, it remains entitled to the deduction for the full ten consecutive assessment years even if it later ceases to qualify as a small scale industrial undertaking. The provision requires eligibility at the outset and does not state that the undertaking must continue to meet that description throughout the deduction period. Read with the definition in Section 80-IB(14)(g) and the reference to Section 11B of the Industries (Development and Regulation) Act, 1951, the statutory test governs commencement of relief, not its continuation midstream. en-us Thu, 30 Jul 2015 00:00:00 +0530 Tue, 18 Aug 2015 06:48:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262699 Once an assessee satisfies the initial conditions for deduction under Section 80-IB, it remains entitled to the deduction for the full ten consecutive assessment years even if it later ceases to qualify as a small scale industrial undertaking. The provision requires eligibility at the outset and does not state that the undertaking must continue to meet that description throughout the deduction period. Read with the definition in Section 80-IB(14)(g) and the reference to Section 11B of the Industries (Development and Regulation) Act, 1951, the statutory test governs commencement of relief, not its continuation midstream. Case-Laws Income Tax Thu, 30 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262699