https://www.taxtmi.com/caselaws?id=279156 The Court upheld the decision that investments made in the base year should not be discounted when calculating the Net Present Value (NPV) under the Special Incentive Package Scheme (SIPS). The interpretation aligned with the Scheme and Guidelines, emphasizing that the base year should not be included in the discounting process. Consequently, the appeal was dismissed, and the respondents were instructed to re-calculate the threshold limit without discounting investments from the base year. en-us Mon, 10 Apr 2017 00:00:00 +0530 Wed, 06 Mar 2019 06:32:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279156 The Court upheld the decision that investments made in the base year should not be discounted when calculating the Net Present Value (NPV) under the Special Incentive Package Scheme (SIPS). The interpretation aligned with the Scheme and Guidelines, emphasizing that the base year should not be included in the discounting process. Consequently, the appeal was dismissed, and the respondents were instructed to re-calculate the threshold limit without discounting investments from the base year. Case-Laws Indian Laws Mon, 10 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279156