Question ID : 814

DEDUCTION U/S 80IB- FOR INDUSTRIAL UNDERTAKING-SSI

WHETHER DEDUCTION U,S 80 IB IS AVAIBLE FOLLOWG CIRCUMSTANCE.
A PVT. LTD. CO. HAVG 2 UNITS
STATUS OF VMENT FIXED ASSETS AS ON 31.3.2005 -
UNIT 1 - 40 CS
UNIT 2 - 110 CS
THE COMPANY HAS SATISFIED ALL THE CONDITIONS SPECIFIED U,S 80 IB(2)
PROD. STARTED ON DATED: 1.4.2001
AT THAT TIME THE VMENT FIXED ASSET WAS AS UNDER
UNIT 1 - 40 CS
UNIT 2 - 30 CS
WE R CIMG DEDUCTION U,S 80IB SCE F.YR.2001-2002 SEPARATELY FOR ABOVE UNITS , AS THE COMPANY AS A WHOLE WAS AN SSI UNIT.
BUT AS ON TODAY I.E.31.03.2005 THE COMPANY AS A WHOLE IS NOT AN SSI , BUT DIVIDUAL UNITS ARE SSI.
1) WHETHER DEDUCTION IS AVAIBLE TO UNIT I OR IT IS NOT TOTALLY AVAIBLE TO THE COMPANY AS IT IS NOT AN SSI UNIT AS A WHOLE AS ON 31.03.2005?
2) WHETHER STATUS OF SSI IS TO BE SEEN AT THE TIME OF ITIAL YEAR OR IT IS TO BE SEEN AT THE END OF EVERY YEAR OF CIMG DEDUCTION ?

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