SC: Approves multiple 'initial AYs' u/s. 80-IC based on 'substantial expansion' of unit; Recalls earlier order

Feb 20,2019

SC dismisses Revenue's appeals in a batch of cases, upholds HC order allowing 100% deduction u/s. 80-IC again to assessees upon undertaking substantial expansion; SC rules that there can be multiple 'initial assessment years' depending upon the facts of each case; SC recalls the earlier judgment wherein division bench of SC had denied 100% deduction u/s. 80-IC to assessees despite undertaking 'substantial expansion'.


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