SLP(C) No. 006854 - 006855 / 2021
THE COMMISSIONER OF INCOME TAX vs M/S SOCIEDADE DE FOMENTO INDUSTRIAL PVT. LTD.
Status
DISPOSED
Judges
HON'BLE MR. JUSTICE D.Y. CHANDRACHUD and HON'BLE MR. JUSTICE SANJIV KHANNA
Order Date
25-01-2022
Filed On
12-04-2021 11:47 AM
AI Summary
To qualify as a "new industrial undertaking" eligible for tax exemption under Section 10B of the Income Tax Act 1961, the unit must be a physically separate, identifiable entity capable of independent viable operation, with new plant and machinery, distinct from any mere expansion of an existing business.