https://www.taxtmi.com/caselaws?id=405291 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to allow 100% of the deduction claimed under section 80IC of the Income Tax Act. This decision was influenced by the interpretation of the Act's provisions, a relevant Supreme Court judgment, and the evidence of substantial expansion by the assessee. The Tribunal held that the appellant was entitled to the full deduction for the profits and gains due to the substantial expansion undertaken within the specified period, overturning the previous disallowance made by the authorities. en-us Wed, 10 Mar 2021 00:00:00 +0530 Wed, 17 Mar 2021 09:10:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405291 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to allow 100% of the deduction claimed under section 80IC of the Income Tax Act. This decision was influenced by the interpretation of the Act's provisions, a relevant Supreme Court judgment, and the evidence of substantial expansion by the assessee. The Tribunal held that the appellant was entitled to the full deduction for the profits and gains due to the substantial expansion undertaken within the specified period, overturning the previous disallowance made by the authorities. Case-Laws Income Tax Wed, 10 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405291