https://www.taxtmi.com/caselaws?id=369035 The Supreme Court clarified that once the initial assessment year starts under Section 80IC, there cannot be another "initial assessment year" for the purposes of claiming deductions within the specified period. The Court distinguished this case from previous judgments and upheld the Tribunal's decision that units established after 7.1.2003 and undergoing substantial expansion are not eligible for a 100% deduction under Section 80IC beyond the initial five years. The appeals were dismissed, ruling in favor of the revenue. en-us Thu, 06 Sep 2018 00:00:00 +0530 Sat, 29 Dec 2018 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369035 The Supreme Court clarified that once the initial assessment year starts under Section 80IC, there cannot be another "initial assessment year" for the purposes of claiming deductions within the specified period. The Court distinguished this case from previous judgments and upheld the Tribunal's decision that units established after 7.1.2003 and undergoing substantial expansion are not eligible for a 100% deduction under Section 80IC beyond the initial five years. The appeals were dismissed, ruling in favor of the revenue. Case-Laws Income Tax Thu, 06 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369035