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 date

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