https://www.taxtmi.com/caselaws?id=263663 The High Court ruled in favor of the assessee, holding that the appellant was entitled to the benefit under Section 80 IA for the assessment years in question. The court emphasized that the appellant's industrial undertaking qualified for the deduction under Section 80 IA, as it did not fall under the disqualifying conditions specified in the section. The court clarified that the appellant's activity constituted an expansion of an existing facility, not reconstruction or splitting up as contended by the assessing officer. The court's decision was based on a straightforward interpretation of the section and relevant case laws. en-us Tue, 11 Aug 2015 00:00:00 +0530 Tue, 08 Sep 2015 10:27:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263663 The High Court ruled in favor of the assessee, holding that the appellant was entitled to the benefit under Section 80 IA for the assessment years in question. The court emphasized that the appellant's industrial undertaking qualified for the deduction under Section 80 IA, as it did not fall under the disqualifying conditions specified in the section. The court clarified that the appellant's activity constituted an expansion of an existing facility, not reconstruction or splitting up as contended by the assessing officer. The court's decision was based on a straightforward interpretation of the section and relevant case laws. Case-Laws Income Tax Tue, 11 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263663