https://www.taxtmi.com/caselaws?id=60145 Relocation of a manufacturing unit and addition of allied products did not amount to a new industrial undertaking for section 80-I where commercial operations had already begun in an earlier year. The annual accounts and licensing evidence showed prior commencement of business, and the shift from one site to another was treated as an extension of the same undertaking rather than a fresh start. The provision's machinery test also failed because previously used machinery exceeded the statutory ceiling of 20 per cent of total machinery value in the initial year, so the deduction condition was not met. The assessee was therefore not entitled to the section 80-I deduction. en-us Thu, 11 Aug 2005 00:00:00 +0530 Mon, 03 Jan 2011 18:53:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60145 Relocation of a manufacturing unit and addition of allied products did not amount to a new industrial undertaking for section 80-I where commercial operations had already begun in an earlier year. The annual accounts and licensing evidence showed prior commencement of business, and the shift from one site to another was treated as an extension of the same undertaking rather than a fresh start. The provision's machinery test also failed because previously used machinery exceeded the statutory ceiling of 20 per cent of total machinery value in the initial year, so the deduction condition was not met. The assessee was therefore not entitled to the section 80-I deduction. Case-Laws Income Tax Thu, 11 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60145