https://www.taxtmi.com/caselaws?id=329585 The Tribunal allowed the appeals for the assessment years 1999-2000, 2000-01, and 2001-02, concluding that the disallowances under Section 80IA for Daman Units I & II were not justified. The Tribunal found that the invocation of provisions of Section 153A was not warranted as no new material was found during the search. The denial of deduction for Unit-1 based on machinery transfer value exceeding limits was deemed legally untenable, and Unit-2 was recognized as an independent unit eligible for deductions under Section 80IA. en-us Wed, 29 Jun 2016 00:00:00 +0530 Sat, 02 Jul 2016 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329585 The Tribunal allowed the appeals for the assessment years 1999-2000, 2000-01, and 2001-02, concluding that the disallowances under Section 80IA for Daman Units I & II were not justified. The Tribunal found that the invocation of provisions of Section 153A was not warranted as no new material was found during the search. The denial of deduction for Unit-1 based on machinery transfer value exceeding limits was deemed legally untenable, and Unit-2 was recognized as an independent unit eligible for deductions under Section 80IA. Case-Laws Income Tax Wed, 29 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329585