2018 (5) TMI 1971 - HC - Income Tax

Entitlement to deduction u/s 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 appeals already stand adjudicated by this Court in Stovekraft India v. CIT 2017 (12) TMI 69 - HIMACHAL PRADESH HIGH COURT As such, making the directions in Stovekraft India (supra) applicable mutatis mutandis, also to the present appeals, the same are disposed of.

Summary

The High Court of Himachal Pradesh disposed of the present appeals based on previous adjudication in ITA No. 20 of 2015, titled Stovekraft India v. CIT [2018] 400 ITR 225. The court made directions from the previous case applicable to the current appeals, and pending applications were also disposed of accordingly.