https://www.taxtmi.com/caselaws?id=447982 The ITAT Delhi dismissed the Revenue's appeal regarding section 10AA benefits for units at Chennai and Coimbatore SEZ. The Revenue challenged whether the assessee satisfied conditions under section 10AA(4). The tribunal held that even assuming existing plant machinery was used at Chennai SEZ or Commercial SEZ, the value would remain below 50% threshold. Since the Revenue failed to controvert the CIT(A)'s findings on this valuation, the appeal lacked merit and was dismissed. en-us Tue, 31 Oct 2023 00:00:00 +0530 Tue, 09 Jan 2024 09:38:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447982 The ITAT Delhi dismissed the Revenue's appeal regarding section 10AA benefits for units at Chennai and Coimbatore SEZ. The Revenue challenged whether the assessee satisfied conditions under section 10AA(4). The tribunal held that even assuming existing plant machinery was used at Chennai SEZ or Commercial SEZ, the value would remain below 50% threshold. Since the Revenue failed to controvert the CIT(A)'s findings on this valuation, the appeal lacked merit and was dismissed. Case-Laws Income Tax Tue, 31 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447982