https://www.taxtmi.com/caselaws?id=376461 The case involved a dispute over the deduction under Section 80IC for Assessment Year 2012-13. The Revenue challenged the CIT(A)-Rohtak's decision to restrict the deduction to 25% based on the substantial business expansion of the assessee. The CIT(A) relied on precedent and legislative intent, ultimately ruling in favor of the assessee. The Apex Court's decision clarified the legal position on deductions under Section 80IC, emphasizing the distinction between deductions for new units and expansion by existing units. The ITAT upheld the CIT(A)'s decision, dismissing the Revenue's appeal. en-us Thu, 07 Mar 2019 00:00:00 +0530 Sat, 09 Mar 2019 07:51:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376461 The case involved a dispute over the deduction under Section 80IC for Assessment Year 2012-13. The Revenue challenged the CIT(A)-Rohtak's decision to restrict the deduction to 25% based on the substantial business expansion of the assessee. The CIT(A) relied on precedent and legislative intent, ultimately ruling in favor of the assessee. The Apex Court's decision clarified the legal position on deductions under Section 80IC, emphasizing the distinction between deductions for new units and expansion by existing units. The ITAT upheld the CIT(A)'s decision, dismissing the Revenue's appeal. Case-Laws Income Tax Thu, 07 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376461