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TMI Blog2018 (1) TMI 1471X X X X Extracts X X X X X X X X Extracts X X X X ..... udicial Member: This appeal has been preferred by the assessee against the order of Ld. Commissioner of Income Tax (Appeals), [hereinafter referred to as 'CIT(Appeals)']-2, Chandigarh dated 25.10.2016 relating to assessment year 2013-14. 2. The only ground raised by the assessee reads as under: That on the facts and in the circumstances of the case the Ld. CIT(A)-2, Chandigarh has erred in la ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7 in the group of cases with the lead case titled as M/s Stovekraft India vs. Commissioner of Income Tax, ITA No.20 of 2015, and it was pointed out that the Hon'ble High Court had decided the issue in favour of the assessee, holding that there is no bar in the said section denying the benefit of hundred percent deduction to new units undertaking substantial expansion. Our attention was drawn to th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stantial expansion prior to 1.4.2012, would also be entitled to benefit of deduction at different rates of percentage stipulated under Section 80-IC. (c) Substantial expansion cannot be confined to one expansion. As long as requirement of Section 80-IC(8)(ix) is met, there can be number of multiple substantial expansions. (d) Correspondingly, there can be more than one initial Assessment Yea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0IC of the Act. 6. We do not agree to the above contention raised by the Revenue at this stage. A perusal of the order of the Assessing officer reveals that the Assessing officer has not disputed that the assessee unit has carried out substantial expansion as provided under clause (b) of sub section (2) read with clause (ix) of sub section (7) of section 80IC of the Act. Almost similar view has a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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