https://www.taxtmi.com/caselaws?id=380053 The judgment clarified that an undertaking setting up a new unit in Himachal Pradesh is entitled to 100% deduction for five years and 25% for the next five years under Section 80IC. Disallowances under Sections 37 and 36(1)(iii) were held to increase business profits eligible for deduction. Additional grounds raised by the assessee were considered valid, leading to the dismissal of revenue appeals. The judgment favored the assessee, affirming deduction eligibility and dismissing revenue appeals. en-us Tue, 19 Mar 2019 00:00:00 +0530 Sat, 11 May 2019 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380053 The judgment clarified that an undertaking setting up a new unit in Himachal Pradesh is entitled to 100% deduction for five years and 25% for the next five years under Section 80IC. Disallowances under Sections 37 and 36(1)(iii) were held to increase business profits eligible for deduction. Additional grounds raised by the assessee were considered valid, leading to the dismissal of revenue appeals. The judgment favored the assessee, affirming deduction eligibility and dismissing revenue appeals. Case-Laws Income Tax Tue, 19 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380053