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2018 (9) TMI 2123 - PUNJAB & HARYANA HIGH COURTDeduction @100% u/s 80IC - initial assessment year - fresh claim on undertaking substantial expansion from the year of completion of substantial expansion - HELD THAT:- For orders, see M/s Admac Formulations [2018 (10) TMI 1001 - PUNJAB AND HARYANA HIGH COURT] decided negative whether the assessee who had availed deductions at the rate of 100% for first five years on the ground that they had set up a manufacturing unit as prescribed under sub section (2) of Section 80IC of the Act can start claiming deduction at the rate of 100% again for the next five years as they had undertaken substantial expansion during the period mentioned in sub section (2) thereof. Issue decided against the assessee.
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