2019 (3) TMI 1554

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....n, Advocate. SURYA KANT, CHIEF JUSTICE (ORAL) The instant Income Tax Appeal has been preferred by the Revenue against the order dated 16.01.2018, passed by Income Tax Appellate Tribunal Division Bench 'B', Chandigarh in ITA No. 1383/Chd/2017, titled as M/s Sansui Electronics versus The DCIT, Circle, Parwanoo, in respect of Assessment Year 2013-2014. According to the appellant- Revenue, the f....

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.... commenced production after 07.01.2003 can carry out multiple "substantial expansion" prior to 01.04.2012 and there will be initial year for each "substantial expansion" as long as provisions of section 80-IC (ix) are met without appreciating that as per provisions of Section 80-IC of the Income Tax Act and as explained in CBDT Circular No. 7/2003, such enterprise or undertaking cannot carry out a....