https://www.taxtmi.com/caselaws?id=371424 The Tribunal allowed the Revenue's appeal, setting aside the CIT(A)'s decision and restoring the Assessing Officer's order. It held that deductions under Section 80-IC should be 100% for the first five years and 25% for the next five years, aligning with statutory provisions and Supreme Court precedent. The Tribunal emphasized the need to adhere to the prescribed deduction percentages and rejected interpretations deviating from the established legal framework. en-us Tue, 27 Nov 2018 00:00:00 +0530 Tue, 04 Dec 2018 08:59:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371424 The Tribunal allowed the Revenue's appeal, setting aside the CIT(A)'s decision and restoring the Assessing Officer's order. It held that deductions under Section 80-IC should be 100% for the first five years and 25% for the next five years, aligning with statutory provisions and Supreme Court precedent. The Tribunal emphasized the need to adhere to the prescribed deduction percentages and rejected interpretations deviating from the established legal framework. Case-Laws Income Tax Tue, 27 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371424