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.
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.