https://www.taxtmi.com/caselaws?id=416037 The CIT(A) allowed the assessee's claim of deduction u/s 10A, determining that a new independent undertaking eligible for the benefit had been established. The CIT(A) found that the new unit was set up in different premises with distinct staff and business operations, supported by financial records. Despite the lack of direct evidence of physical asset shifting, substantial investments and operational changes indicated the establishment of a new unit. The CIT(A) dismissed the AO's appeal, upholding the order in favor of the assessee. en-us Thu, 25 Nov 2021 00:00:00 +0530 Mon, 20 Dec 2021 09:26:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416037 The CIT(A) allowed the assessee's claim of deduction u/s 10A, determining that a new independent undertaking eligible for the benefit had been established. The CIT(A) found that the new unit was set up in different premises with distinct staff and business operations, supported by financial records. Despite the lack of direct evidence of physical asset shifting, substantial investments and operational changes indicated the establishment of a new unit. The CIT(A) dismissed the AO's appeal, upholding the order in favor of the assessee. Case-Laws Income Tax Thu, 25 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416037