https://www.taxtmi.com/caselaws?id=398900 The Karnataka High Court upheld the appellant's eligibility for a deduction under Section 10A of the Income Tax Act for the Assessment Year 2007-08. The Court affirmed that the appellant's industrial undertaking was independent of its existing undertakings, meeting the criteria for the deduction. The interpretation of "new industrial undertaking" focused on establishing a separate and identifiable business, not merely expanding existing operations. The Court emphasized the importance of factual findings and dismissed the appeal, finding no substantial questions of law for consideration. en-us Fri, 18 Sep 2020 00:00:00 +0530 Fri, 25 Sep 2020 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398900 The Karnataka High Court upheld the appellant's eligibility for a deduction under Section 10A of the Income Tax Act for the Assessment Year 2007-08. The Court affirmed that the appellant's industrial undertaking was independent of its existing undertakings, meeting the criteria for the deduction. The interpretation of "new industrial undertaking" focused on establishing a separate and identifiable business, not merely expanding existing operations. The Court emphasized the importance of factual findings and dismissed the appeal, finding no substantial questions of law for consideration. Case-Laws Income Tax Fri, 18 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398900