https://www.taxtmi.com/caselaws?id=357378 The Tribunal ruled in favor of the assessee, determining that the investment in building, furniture, and fixtures for the hotel constituted substantial expansion under Section 80IC. This decision aligned with the provisions promoting investment in specific states. The Tribunal dismissed the restrictive interpretation of lower authorities and allowed the deduction. The issue of reopening the assessment under Section 147 was dismissed as not pressed. en-us Mon, 19 Mar 2018 00:00:00 +0530 Thu, 22 Mar 2018 08:36:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357378 The Tribunal ruled in favor of the assessee, determining that the investment in building, furniture, and fixtures for the hotel constituted substantial expansion under Section 80IC. This decision aligned with the provisions promoting investment in specific states. The Tribunal dismissed the restrictive interpretation of lower authorities and allowed the deduction. The issue of reopening the assessment under Section 147 was dismissed as not pressed. Case-Laws Income Tax Mon, 19 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357378