https://www.taxtmi.com/highlights?id=27806 Deduction u/s 80IA - Revision u/s 263 - To constitute reconstruction, there must be transfer of assets of the existing business to the new industrial undertaking. In our opinion, generation of power unit is separate and distinct undertaking for which separate approval was obtained and it cannot be said that splitting of existing business structure - AT en-us Sat, 05 Mar 2016 13:48:00 +0530 Sat, 05 Mar 2016 13:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=27806 Deduction u/s 80IA - Revision u/s 263 - To constitute reconstruction, there must be transfer of assets of the existing business to the new industrial undertaking. In our opinion, generation of power unit is separate and distinct undertaking for which separate approval was obtained and it cannot be said that splitting of existing business structure - AT Highlights Income Tax Sat, 05 Mar 2016 13:48:00 +0530 https://www.taxtmi.com/highlights?id=27806