https://www.taxtmi.com/caselaws?id=184346 The Tribunal upheld the CIT(A) orders for assessment years 2004-05 and 2007-08, dismissing the revenue's appeals. It concluded that Unit II was financially separate from the old unit, eligible for a 100% deduction under section 80IB. The Tribunal emphasized the installation of new plant and machinery as a key factor, citing Supreme Court judgments. The appeal by the revenue was dismissed, affirming the deduction for Unit II. en-us Fri, 30 Sep 2011 00:00:00 +0530 Wed, 06 Jul 2016 12:26:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184346 The Tribunal upheld the CIT(A) orders for assessment years 2004-05 and 2007-08, dismissing the revenue's appeals. It concluded that Unit II was financially separate from the old unit, eligible for a 100% deduction under section 80IB. The Tribunal emphasized the installation of new plant and machinery as a key factor, citing Supreme Court judgments. The appeal by the revenue was dismissed, affirming the deduction for Unit II. Case-Laws Income Tax Fri, 30 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184346