2019 (12) TMI 581

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....Kuthiala, Senior Advocate, with M/s. Vandana Kuthiala and Diwan Singh Negi, Advocates ORDER L. Narayana Swamy, Chief Justice. (Oral) OMP (M) No. 4 of 2019 This is an application under Section 5 of the Limitation Act seeking condonation of delay of four months and two days, which has creptin in filing the instant appeal. 2. For the reasons stated in the application, the same is allowed an....

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....e two sections, viz. Sections 80IB and 80IC are materially different. The definition of 'initial assessment year' under Section 80IC has made all the difference. Therefore, we are of the opinion that the aforesaid judgment does not lay down the correct law. (b) An undertaking or an enterprise which had set up a new unit between 7th January, 2003 and 1st April, 2012 in State of Himachal ....

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....) Such deduction, however, would be for a total period of 10 years, as provided in subsection (6). For example, if the expansion is carried out immediately, on the completion of first five years, the assessee would be entitled to 100% deduction again for the next five years. On the other hand, if substantial expansion is undertaken, say, in 8th year by an assessee such an assessee would be entitle....