https://www.taxtmi.com/caselaws?id=382538 The High Court ruled that the reopening of the case under Section 147 was invalid as the second question regarding the allowance of 100% deduction under Section 80IC was resolved in favor of the assessee. The Court clarified that substantial expansion in the manufacturing unit entitled the assessee to claim 100% deductions for ten years. Consequently, the Court dismissed the appeal and affirmed the entitlement to deductions under Section 80IC despite the quashing of proceedings under Section 147. en-us Tue, 25 Jun 2019 00:00:00 +0530 Fri, 05 Jul 2019 07:12:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382538 The High Court ruled that the reopening of the case under Section 147 was invalid as the second question regarding the allowance of 100% deduction under Section 80IC was resolved in favor of the assessee. The Court clarified that substantial expansion in the manufacturing unit entitled the assessee to claim 100% deductions for ten years. Consequently, the Court dismissed the appeal and affirmed the entitlement to deductions under Section 80IC despite the quashing of proceedings under Section 147. Case-Laws Income Tax Tue, 25 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382538