https://www.taxtmi.com/caselaws?id=325314 The Tribunal allowed the appeal, overturning the decision of the Ld CIT(A) and directing the AO to grant the deduction claimed under section 80IC. The Tribunal accepted the assessee's argument that the establishment of a new unit at Baddi constituted substantial expansion, supported by the purchase of new machinery exceeding 50% of the book value in 2007. The Tribunal emphasized that the claim was based on substantial expansion, not reconstruction, and ruled in favor of the assessee on 3rd Feb 2016. en-us Wed, 03 Feb 2016 00:00:00 +0530 Wed, 16 Mar 2016 10:16:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325314 The Tribunal allowed the appeal, overturning the decision of the Ld CIT(A) and directing the AO to grant the deduction claimed under section 80IC. The Tribunal accepted the assessee's argument that the establishment of a new unit at Baddi constituted substantial expansion, supported by the purchase of new machinery exceeding 50% of the book value in 2007. The Tribunal emphasized that the claim was based on substantial expansion, not reconstruction, and ruled in favor of the assessee on 3rd Feb 2016. Case-Laws Income Tax Wed, 03 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325314