https://www.taxtmi.com/caselaws?id=386096 The Tribunal allowed the appeals, determining that the assessee was entitled to deductions under Section 80-IE for both M/s Charu Engineering Industries and M/s Charu Innovation Department and Industries. The Tribunal relied on the Supreme Court judgment in AARHAM SOFTRONICS, emphasizing that substantial expansion qualifies the unit for a 100% deduction of profits and gains, despite the ten-year deduction cap. It highlighted the legislative intent behind NEIIP, 2007, and the importance of considering the policy when interpreting Section 80-IE. The Tribunal concluded that the assessee had adequately demonstrated substantial expansion and was eligible for the claimed deductions. en-us Wed, 18 Sep 2019 00:00:00 +0530 Sat, 21 Sep 2019 09:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386096 The Tribunal allowed the appeals, determining that the assessee was entitled to deductions under Section 80-IE for both M/s Charu Engineering Industries and M/s Charu Innovation Department and Industries. The Tribunal relied on the Supreme Court judgment in AARHAM SOFTRONICS, emphasizing that substantial expansion qualifies the unit for a 100% deduction of profits and gains, despite the ten-year deduction cap. It highlighted the legislative intent behind NEIIP, 2007, and the importance of considering the policy when interpreting Section 80-IE. The Tribunal concluded that the assessee had adequately demonstrated substantial expansion and was eligible for the claimed deductions. Case-Laws Income Tax Wed, 18 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386096