Mahabir Industries vs Principal Commissioner Of Income Tax
Whether the ten-year deduction cap under Section 80-IC(6) applies to an undertaking that previously claimed deductions under Sections 80-IA and 80-IB but is not located in North-Eastern Region --- Held No. Whether substantial expansion completed in Assessment Year 2006-07 entitles the assessee to fresh deduction period under Section 80-IC without counting previous deduction years under Sections 80-IA and 80-IB --- Held Yes.
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