Bench: GODA RAGHURAM,M.S.RAMACHANDRA RAO
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