2018 (11) TMI 700 - SCH - 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 t he 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 on the ground of lowtax effect leaving the question of law open.

Summary

The Supreme Court dismissed the Special Leave Petition due to low tax effect, condoning the delay and leaving the question of law open. Pending applications were disposed of. (2018 (11) TMI 700 - SC)