https://www.taxtmi.com/caselaws?id=204388 The Tribunal allowed the appellant's appeal regarding the deduction claim under Section 80-IC of the Income Tax Act for assessment years 2004-05 and 2005-06. It held that substantial expansion can span multiple years and directed the Assessing Officer to reconsider the claim based on this interpretation. The Tribunal emphasized that the completion of substantial expansion within the specified period is crucial, remitting the matter back for fresh assessment in accordance with Section 80-IC provisions. The appeals for the mentioned assessment years were allowed for statistical purposes pending the AO's reassessment. en-us Fri, 24 Sep 2010 00:00:00 +0530 Sat, 16 Jul 2011 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204388 The Tribunal allowed the appellant's appeal regarding the deduction claim under Section 80-IC of the Income Tax Act for assessment years 2004-05 and 2005-06. It held that substantial expansion can span multiple years and directed the Assessing Officer to reconsider the claim based on this interpretation. The Tribunal emphasized that the completion of substantial expansion within the specified period is crucial, remitting the matter back for fresh assessment in accordance with Section 80-IC provisions. The appeals for the mentioned assessment years were allowed for statistical purposes pending the AO's reassessment. Case-Laws Income Tax Fri, 24 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204388