2010 (4) TMI 1099

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....ORDER R. C. Sharma (Accountant Member) This is an appeal filed by the Revenue against the order of CIT(A) dated 4.11.2009 for the AY 2006-07, wherein Revenue is aggrieved for allowing deduction to the assessee u/s 80IB of the IT Act. 2. At the outset, learned AR placed on record the order of ITAT in assessee's own case for the immediately preceding AY 2005-06, wherein exactly similar issu....

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....of machinery or plant previously used for any purpose. In the instant case, assessee firm was engaged in manufacture of electronic durables in proprietorship capacity. However, the constitution of the assessee firm change by admission of a partner therein. The claim of deduction u/s 80IB was filed by the assessee partnership firm in AY 2005-06 which was declined by the AO on the plea that there wa....