Sale of Eligible Undertakings u/s 80IB Permitted; Deductions Remain Valid for New Owners Despite Ownership Change.

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....Disallowance u/s 80IB - There is no bar or prohibition in section 80IB on sale (slumpsale) of eligible undertaking to another assessee and the benefit attached with eligible undertaking cannot be denied to another assessee - mere change of ownership would not affect the claim of deductions. - AT....