2018 (7) TMI 1651 - SCH - 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 - Special Leave Petition is dismissed only on the ground of low tax effect leaving the question of law open.

Summary

The Supreme Court of India dismissed the Special Leave Petition due to low tax effect, condoning the delay and leaving the question of law open. (2018 (7) TMI 1651 - SC)