https://www.taxtmi.com/caselaws?id=380213 The ITAT Chandigarh upheld the CIT(A)'s decision, allowing the assessee to claim a 100% deduction under Section 80IC for substantial expansion beyond the initial five years. Citing a Supreme Court ruling, the Court emphasized the purpose of the provision to promote industrial growth in specified regions, permitting full deductions for expansions. The judgment clarified that the initial assessment year for expansions would trigger a new 10-year deduction period. The ITAT's decision aligned with the Supreme Court's precedent, granting the assessee the full deduction for the expansion despite already benefiting from the same rate for the initial five years. en-us Mon, 13 May 2019 00:00:00 +0530 Wed, 15 May 2019 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380213 The ITAT Chandigarh upheld the CIT(A)'s decision, allowing the assessee to claim a 100% deduction under Section 80IC for substantial expansion beyond the initial five years. Citing a Supreme Court ruling, the Court emphasized the purpose of the provision to promote industrial growth in specified regions, permitting full deductions for expansions. The judgment clarified that the initial assessment year for expansions would trigger a new 10-year deduction period. The ITAT's decision aligned with the Supreme Court's precedent, granting the assessee the full deduction for the expansion despite already benefiting from the same rate for the initial five years. Case-Laws Income Tax Mon, 13 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380213