SC on 100% Deduction U/s. 80IC on Substantial expansion for another terms of five years

Pr. CIT Vs M/s. Aarham Softronics (Supreme Court) Whether an assessee who sets up a new industry of a kind mentioned in sub-section (2) of Section 80-IC of the Act and starts availing exemption of 100 per cent tax under sub-section (3) of Section 80-IC (which is admissible for five years) can start claiming the exemption at the same rate of 100% beyond the period of five years on the ground that the assessee has now carried out substantial expansion in its manufacturing unit? (a) Judgement dated 20th August, 2018 in Classic Binding Industries case omitted to take note of the definition ‘ini...