The Commissioner of Income Tax- I vs. M/s. Avon Organics Limited
ITTA/257/2012HC Telangana17 Jul 2012
Bench: GODA RAGHURAM,M.S.RAMACHANDRA RAO
Section 10B
section 5(1)(xxi) as
exemption was claimed as a new and separate unit set up
after the commencement of the Act. The Madras High
ITA 257/2012
Page 9 of 18
Court at page 824 observes :
“Unless a factory is erected and the plant and
machinery installed therein, it cannot be said to have been
set up. The resolutions
