Eligibility for Deduction u/s 80IC Confirmed: New Machinery and First Export Dispatch Validate Claim for Assessee.

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....Deduction u/s 80IC - new industrial undertaking nor not - It is a fact on record that 1st export dispatch has taken on 05.05.2009. The old machinery has not been used as indicated by the invoices of the new machinery which was purchased from the third party. The evidences proves that it is a case where new plant & machinery has been acquired which was not previously used. Hence, the conditions for the eligibility of claim u/s 80IC in the case of a new industrial undertaking stands satisfied. Decided in favour of assessee. - AT....