2018 (4) TMI 1694

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...., CIT-DR ORDER PER DIVA SINGH The present appeal has been filed by the assessee assailing the correctness of the order dated 29.09.2016 of CIT(A)-2 Gurgaon pertaining to 2011-12 assessment year on the following grounds: 1. The Id. CIT(A) is wrong in disallowing the benefit of substantial expansion u/s 80IC(2) and confirming the deduction u/s 80IC only to the extent of 25% as agai....

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....lowed. The ld. Sr.DR relies upon the impugned order. 3. We have heard the rival submissions and perused the material on record. On perusal of the same, it is seen that the assessee is engaged in the manufacturing of laminated and pre-laminated boards at Kala Amb, Sirmour (HP). The assessee's claim of deduction u/s 80IC to the extent of 100% of eligible profits from the manufacturing activit....