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Deduction u/s 80IB & 10B

This query is : Resolved 
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(Querist)
10 December 2010 As the business runs under the name of proprietor and get the deduction u/s 10B for cons. 10 years.

From the 5th year, proprietor is same but the name is different.

Assessing officer denies the give deduction u/s 10B.

Assessee can get the deduction ?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
10 December 2010 In Section 10B /80IB deduction is available to an "undertaking". If name is being changed then new undertaking is coming into existence to which old plant & machinery have been transferred. He is perhaps right in doing so.
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
16 December 2010 If only name of the organozation is changed , i donnot think any effect on deduction u/s 10B, You please confirm whether new organistion has been established by the same proprieter by transferring the assets or some thing else.
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