https://www.taxtmi.com/caselaws?id=799609 Eligibility for profit-linked deductions requires a newly established undertaking to be an identifiable, integrated and independently capable manufacturing unit that commenced commercial production by the prescribed date. Shared products, common invoicing, phased capacity expansion and permissible use of old machinery do not alone establish splitting up or reconstruction where contemporaneous records support independent production. Initial-year qualification sustains deduction entitlement for the relevant statutory period. Depreciation is available where machinery is installed and kept ready for business use; delivery at the end of the previous year does not bar the claim absent evidence that the asset was unavailable or incapable of deployment. en-us Thu, 03 Sep 2026 00:00:00 +0530 Thu, 24 Sep 2026 08:27:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799609 Eligibility for profit-linked deductions requires a newly established undertaking to be an identifiable, integrated and independently capable manufacturing unit that commenced commercial production by the prescribed date. Shared products, common invoicing, phased capacity expansion and permissible use of old machinery do not alone establish splitting up or reconstruction where contemporaneous records support independent production. Initial-year qualification sustains deduction entitlement for the relevant statutory period. Depreciation is available where machinery is installed and kept ready for business use; delivery at the end of the previous year does not bar the claim absent evidence that the asset was unavailable or incapable of deployment. Case-Laws Income Tax Thu, 03 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799609