https://www.taxtmi.com/caselaws?id=781847 HC dismissed Revenue's appeal, holding that the assessee's STP unit was not formed by splitting up or reconstruction of an existing business for purposes of s.10A(2). HC upheld concurrent factual findings of CIT(A) and ITAT that the unit constituted a new undertaking, relying on the ratio of SC in Textile Machinery Corporation Ltd and its own earlier decision in Finolex Cables Ltd. Noting substantial new investment and increased capacity, HC held that no substantial question of law arose and the s.10A deduction was rightly allowed. en-us Thu, 13 Nov 2025 00:00:00 +0530 Thu, 20 Nov 2025 11:55:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781847 HC dismissed Revenue's appeal, holding that the assessee's STP unit was not formed by splitting up or reconstruction of an existing business for purposes of s.10A(2). HC upheld concurrent factual findings of CIT(A) and ITAT that the unit constituted a new undertaking, relying on the ratio of SC in Textile Machinery Corporation Ltd and its own earlier decision in Finolex Cables Ltd. Noting substantial new investment and increased capacity, HC held that no substantial question of law arose and the s.10A deduction was rightly allowed. Case-Laws Income Tax Thu, 13 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781847