https://www.taxtmi.com/caselaws?id=278680 The Tribunal allowed the appellant's appeals for assessment years 2010-11 and 2006-07, granting them the deduction under section 80IB(3). The Tribunal emphasized that if the initial conditions were met, the benefit of 10 years should be granted, and denying the benefit due to growth and exceeding limits would go against the legislative intent of providing incentives for industrial growth. Therefore, the impugned orders were set aside, and the deduction was restored for both assessment years. en-us Fri, 17 Apr 2015 00:00:00 +0530 Mon, 18 Feb 2019 06:31:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278680 The Tribunal allowed the appellant's appeals for assessment years 2010-11 and 2006-07, granting them the deduction under section 80IB(3). The Tribunal emphasized that if the initial conditions were met, the benefit of 10 years should be granted, and denying the benefit due to growth and exceeding limits would go against the legislative intent of providing incentives for industrial growth. Therefore, the impugned orders were set aside, and the deduction was restored for both assessment years. Case-Laws Income Tax Fri, 17 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278680