https://www.taxtmi.com/caselaws?id=186078 The Tribunal allowed the appeal, permitting the deduction under section 80IC for a substantial expansion by an existing unit. It clarified that the deduction can be availed for each substantial expansion without limitations on the number of expansions, subject to a maximum of 10 assessment years from the initial claim. The decision underscored the statutory restrictions to prevent the extension of deductions beyond the specified period, ensuring compliance with the law while promoting industrial growth. en-us Wed, 27 Aug 2014 00:00:00 +0530 Wed, 07 Sep 2016 10:22:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186078 The Tribunal allowed the appeal, permitting the deduction under section 80IC for a substantial expansion by an existing unit. It clarified that the deduction can be availed for each substantial expansion without limitations on the number of expansions, subject to a maximum of 10 assessment years from the initial claim. The decision underscored the statutory restrictions to prevent the extension of deductions beyond the specified period, ensuring compliance with the law while promoting industrial growth. Case-Laws Income Tax Wed, 27 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186078