Court Rules in Favor of Assessee: Section 80IC Deduction Allowed for Substantial Unit Expansion Under Income Tax Act.

Court Rules in Favor of Assessee: Section 80IC Deduction Allowed for Substantial Unit Expansion Under Income Tax Act. https://www.taxtmi.com/highlights?id=38510 Entitlement to deduction u/s 80IC on account of substantial expansion of the unit - The restrictive meaning given by the lower authorities to deny the deduction u/s 80IC of the Act to the assessee on account of substantial expansion cannot be held to be justified. - AT en-us Thu, 22 Mar 2018 08:36:31 +0530 Thu, 22 Mar 2018 08:36:31 +0530 TaxTMI RSS Generator Court Rules in Favor of Assessee: Section 80IC Deduction Allowed for Substantial Unit Expansion Under Income Tax Act. https://www.taxtmi.com/highlights?id=38510 Entitlement to deduction u/s 80IC on account of substantial expansion of the unit - The restrictive meaning given by the lower authorities to deny the deduction u/s 80IC of the Act to the assessee on account of substantial expansion cannot be held to be justified. - AT Highlights Income Tax Thu, 22 Mar 2018 08:36:31 +0530 https://www.taxtmi.com/highlights?id=38510