https://www.taxtmi.com/caselaws?id=272135 The ITAT held that the conversion of partnership firms into a limited company and subsequent business operations did not constitute a reconstruction of the old business. The assessee was found to fulfill the conditions for claiming the deduction under section 80IB, entitling them to the deduction for the assessment year in question. The appeal of the assessee was allowed, with the order pronounced on 24/02/2016. en-us Wed, 24 Feb 2016 00:00:00 +0530 Sat, 27 Feb 2016 09:11:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272135 The ITAT held that the conversion of partnership firms into a limited company and subsequent business operations did not constitute a reconstruction of the old business. The assessee was found to fulfill the conditions for claiming the deduction under section 80IB, entitling them to the deduction for the assessment year in question. The appeal of the assessee was allowed, with the order pronounced on 24/02/2016. Case-Laws Income Tax Wed, 24 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272135