https://www.taxtmi.com/highlights?id=44674 Deduction u/s 80IC - if substantial expansion is undertaken, say, in 8th year by an assessee such an assessee would be entitled to 100% deduction for the first five years, deduction @ 25% of the profits and gains for the next two years and @ 100% again from 8th year as this year becomes ‘initial assessment year’ once again. However, this 100% deduction would be for remaining three years, i.e., 8th, 9th and 10th assessment years. en-us Fri, 22 Feb 2019 17:37:10 +0530 Fri, 22 Feb 2019 17:37:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=44674 Deduction u/s 80IC - if substantial expansion is undertaken, say, in 8th year by an assessee such an assessee would be entitled to 100% deduction for the first five years, deduction @ 25% of the profits and gains for the next two years and @ 100% again from 8th year as this year becomes ‘initial assessment year’ once again. However, this 100% deduction would be for remaining three years, i.e., 8th, 9th and 10th assessment years. Highlights Income Tax Fri, 22 Feb 2019 17:37:10 +0530 https://www.taxtmi.com/highlights?id=44674