2018 (7) TMI 1886 - HC - Income Tax

Entitlement to deduction under Section 80-IC - whether an undertaking or an enterprise (Unit) established after 7th January, 2003, carrying out substantial expansion within the specified window period, i.e. between 7.1.2003 and 1.4.2012, would be entitled to deduction on profits @ 100%, under Section 80-IC? - Held that - Undisputedly, issues involved in the present appeal already stand adjudicated by this Court titled as M/s Stovekraft India V. Commissioner of Income Tax, 2017 (12) TMI 69 - HIMACHAL PRADESH HIGH COURT as modified as Mahabir Industries vs. Principal Commissioner of Income Tax. 2018 (5) TMI 1278 - SUPREME COURT OF INDIA .

Summary

The High Court of Himachal Pradesh disposed of the appeal based on previous adjudication in ITA No. 20 of 2015 and Civil Appeal No. 4765 of 2018. The directions given in the previous cases were made applicable to the present appeal.