https://www.taxtmi.com/caselaws?id=189806 A new industrial undertaking may qualify for the section 15C concession even where an earlier experimental or preparatory unit carried on restricted-scale production and some machinery was later transferred to the new factory. The provision was treated as an incentive for new industrial enterprises and therefore construed liberally. On that approach, the Ghaziabad unit was regarded as the relevant new enterprise, while the earlier Bela Road activity was only testing and training, not the commencement of the same business in the legal sense. The transfer of part of the equipment did not by itself defeat the concession, and the assessee's claim succeeded. en-us Fri, 24 Feb 1961 00:00:00 +0530 Sat, 21 Jan 2017 15:09:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189806 A new industrial undertaking may qualify for the section 15C concession even where an earlier experimental or preparatory unit carried on restricted-scale production and some machinery was later transferred to the new factory. The provision was treated as an incentive for new industrial enterprises and therefore construed liberally. On that approach, the Ghaziabad unit was regarded as the relevant new enterprise, while the earlier Bela Road activity was only testing and training, not the commencement of the same business in the legal sense. The transfer of part of the equipment did not by itself defeat the concession, and the assessee's claim succeeded. Case-Laws Income Tax Fri, 24 Feb 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189806