100% deduction U/s. 80IC can be claimed for 5 Years and not for 10 years

PCIT Vs. Aarham Softronics (Supreme Court) Conclusion: Deduction under section 80-IC was allowable to assessee @ 100% for a period of 5 years and for remaining 5 Assessment Years @ 25% (or 30% where the assessee is a company) as once assessee had started claiming deduction under Section 80-IC and the initial Assessment Year had commenced within the aforesaid period of 10 years, there could not be another initial Assessment Year thereby allowing 100% deduction for the next 5 years also. Held: The question was whether assessees could again start claiming 100% exemption under section 80-IC for th...