https://www.taxtmi.com/caselaws?id=375739 The court determined that the initial assessment year for claiming deductions under Section 80IC should be the year following the completion of substantial expansion, not the year when production commenced post-expansion. The Revenue's sudden change in considering a different initial year was deemed inconsistent. The court held that the Revenue's interpretation did not align with the purpose of Section 80IC, ruling in favor of the assessee. As a result, AY 2006-07 was deemed the initial assessment year, allowing the assessee to claim benefits from that year onwards. en-us Wed, 20 Feb 2019 00:00:00 +0530 Mon, 25 Feb 2019 05:25:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375739 The court determined that the initial assessment year for claiming deductions under Section 80IC should be the year following the completion of substantial expansion, not the year when production commenced post-expansion. The Revenue's sudden change in considering a different initial year was deemed inconsistent. The court held that the Revenue's interpretation did not align with the purpose of Section 80IC, ruling in favor of the assessee. As a result, AY 2006-07 was deemed the initial assessment year, allowing the assessee to claim benefits from that year onwards. Case-Laws Income Tax Wed, 20 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375739