https://www.taxtmi.com/caselaws?id=468781 Section 80IE permits deduction from the initial assessment year on completion of substantial expansion, and the text does not require that the expansion be completed within the same financial year in which it begins. The Tribunal's analysis states that substantial expansion may be carried out over more than one year, provided the statutory conditions are met and the overall permitted period is respected. It also treats a tea business as a composite undertaking and, in the absence of any express exclusion in section 80IE, includes plant and machinery used for agricultural operations, office functions, and staff welfare when testing substantial expansion. en-us Tue, 11 Feb 2025 00:00:00 +0530 Wed, 20 May 2026 14:18:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468781 Section 80IE permits deduction from the initial assessment year on completion of substantial expansion, and the text does not require that the expansion be completed within the same financial year in which it begins. The Tribunal's analysis states that substantial expansion may be carried out over more than one year, provided the statutory conditions are met and the overall permitted period is respected. It also treats a tea business as a composite undertaking and, in the absence of any express exclusion in section 80IE, includes plant and machinery used for agricultural operations, office functions, and staff welfare when testing substantial expansion. Case-Laws Income Tax Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468781