https://www.taxtmi.com/caselaws?id=463602 ITAT CHANDIGARH - AT held that after availing five years' 100% deduction under s.80-IC, the assessee is entitled only to 25% deduction for the remaining five assessment years (30% if a company), rejecting the claim for a further 100% period. Relying on the Supreme Court principle that the initial assessment year for relief cannot be reset to extend 100% benefits, the tribunal set aside the CIT(A)'s order and allowed the Revenue's appeal, restricting the deduction to 25% for the year under appeal. en-us Wed, 16 Jan 2019 00:00:00 +0530 Mon, 08 Sep 2025 18:59:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463602 ITAT CHANDIGARH - AT held that after availing five years' 100% deduction under s.80-IC, the assessee is entitled only to 25% deduction for the remaining five assessment years (30% if a company), rejecting the claim for a further 100% period. Relying on the Supreme Court principle that the initial assessment year for relief cannot be reset to extend 100% benefits, the tribunal set aside the CIT(A)'s order and allowed the Revenue's appeal, restricting the deduction to 25% for the year under appeal. Case-Laws Income Tax Wed, 16 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463602