https://www.taxtmi.com/caselaws?id=20902 Section 84 relief was available only to a newly established industrial undertaking that satisfied the statutory conditions, including the bar on formation by transfer of previously used building, machinery or plant. The commentary states that "transfer" was read broadly to include lease or hire of factory premises, machinery and electrical installations previously used by another business. It also notes that the later proviso deeming rented premises not to offend the clause supports the view that, before that insertion, an undertaking set up in rented premises with previously used assets did not meet the condition. On that basis, the assessee was treated as ineligible for relief. en-us Tue, 02 Feb 1993 00:00:00 +0530 Wed, 18 Nov 2009 10:14:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20902 Section 84 relief was available only to a newly established industrial undertaking that satisfied the statutory conditions, including the bar on formation by transfer of previously used building, machinery or plant. The commentary states that "transfer" was read broadly to include lease or hire of factory premises, machinery and electrical installations previously used by another business. It also notes that the later proviso deeming rented premises not to offend the clause supports the view that, before that insertion, an undertaking set up in rented premises with previously used assets did not meet the condition. On that basis, the assessee was treated as ineligible for relief. Case-Laws Income Tax Tue, 02 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20902