https://www.taxtmi.com/caselaws?id=409341 The Tribunal upheld the CIT(A)'s decision to allow the assessee to claim a deduction at 100% for the 6th and 7th years post substantial expansion, rejecting the Department's argument for limiting the deduction to 30% after the initial 5 years. The Tribunal relied on an ITAT judgment and a Supreme Court ruling, emphasizing that the law permits full-rate deduction for up to 10 years in case of substantial expansion. The Department's appeals were dismissed, affirming the CIT(A)'s interpretation and maintaining the allowance of deduction at 100% for the relevant assessment years. en-us Mon, 31 May 2021 00:00:00 +0530 Mon, 05 Jul 2021 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409341 The Tribunal upheld the CIT(A)'s decision to allow the assessee to claim a deduction at 100% for the 6th and 7th years post substantial expansion, rejecting the Department's argument for limiting the deduction to 30% after the initial 5 years. The Tribunal relied on an ITAT judgment and a Supreme Court ruling, emphasizing that the law permits full-rate deduction for up to 10 years in case of substantial expansion. The Department's appeals were dismissed, affirming the CIT(A)'s interpretation and maintaining the allowance of deduction at 100% for the relevant assessment years. Case-Laws Income Tax Mon, 31 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409341