Deduction u/s 80IC - Since in the present case the fact that the assessee had undertaken substantial...

Deduction u/s 80IC - Since in the present case the fact that the assessee had undertaken substantial expansion is not disputed, the assessee, we hold, is entitled to claim deduction @ 100% of its eligible profits for five years from the initial year of substantial expansion even though the assessee has already claimed deduction of the profits at the rate of 100% for first five years subject to the condition that the total period of deduction u/s 80IC will not exceed 10 years from the initial year of commencement of unit .....

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