https://www.taxtmi.com/caselaws?id=57994 A newly set up industrial unit with fresh machinery and substantial investment can qualify as a newly established industrial undertaking for relief under sections 80-I and 80HH, even if management, shareholders, or directors are common with an existing business; on those facts, the Dewas unit was treated as eligible and the disallowance was deleted. Sales tax collections covered by the Madhya Pradesh deferment scheme were treated as deemed paid under the State framework, so they were not regarded as an unpaid liability attracting disallowance under section 43B. The appeal succeeded on both substantive issues and the additions under challenge were deleted to that extent. en-us Tue, 26 Jun 1990 00:00:00 +0530 Wed, 15 Dec 2010 17:21:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57994 A newly set up industrial unit with fresh machinery and substantial investment can qualify as a newly established industrial undertaking for relief under sections 80-I and 80HH, even if management, shareholders, or directors are common with an existing business; on those facts, the Dewas unit was treated as eligible and the disallowance was deleted. Sales tax collections covered by the Madhya Pradesh deferment scheme were treated as deemed paid under the State framework, so they were not regarded as an unpaid liability attracting disallowance under section 43B. The appeal succeeded on both substantive issues and the additions under challenge were deleted to that extent. Case-Laws Income Tax Tue, 26 Jun 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57994