https://www.taxtmi.com/caselaws?id=268192 The High Court upheld the decision in favor of the assessee, ruling that the imported machines were not used in India before purchase, as supported by documentary evidence and the vendor's affidavit. The Tribunal's findings were deemed valid, and the authorities correctly ruled in favor of the assessee. The Court found no misinterpretation or misapplication of the law, concluding that the assessee provided adequate evidence to support the claim for deduction under Section 81IC(4). The appeal was disposed of in favor of the assessee. en-us Tue, 06 Oct 2015 00:00:00 +0530 Fri, 20 Nov 2015 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268192 The High Court upheld the decision in favor of the assessee, ruling that the imported machines were not used in India before purchase, as supported by documentary evidence and the vendor's affidavit. The Tribunal's findings were deemed valid, and the authorities correctly ruled in favor of the assessee. The Court found no misinterpretation or misapplication of the law, concluding that the assessee provided adequate evidence to support the claim for deduction under Section 81IC(4). The appeal was disposed of in favor of the assessee. Case-Laws Income Tax Tue, 06 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268192