https://www.taxtmi.com/caselaws?id=177279 The Tribunal upheld the CIT's order under Section 263, ruling that the assessee did not meet the criteria as a small scale industrial undertaking for the assessment year 2006-07 due to exceeding the investment limit in plant and machinery. The decision highlights the requirement for annual reassessment of eligibility for deductions under Section 80IB, emphasizing adherence to statutory provisions and judicial precedents. en-us Tue, 15 Jan 2013 00:00:00 +0530 Fri, 09 Jun 2017 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177279 The Tribunal upheld the CIT's order under Section 263, ruling that the assessee did not meet the criteria as a small scale industrial undertaking for the assessment year 2006-07 due to exceeding the investment limit in plant and machinery. The decision highlights the requirement for annual reassessment of eligibility for deductions under Section 80IB, emphasizing adherence to statutory provisions and judicial precedents. Case-Laws Income Tax Tue, 15 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177279