Section 80IE deduction allowable on Substantial expansion/modernization of existing industrial unit despite deduction claim U/s. section 80-IB & 10C in earlier periods

Lakshmi Ram Thakuria Vs ITO (ITAT Guwahati) Assessee has two industrial unit Viz: – M/s Charu Engineering Industries, an existing industrial undertaking established and commenced its commercial production w.e.f 26.12.1994 in terms of the erstwhile North East Industrial Policy, 1997. The assessee availed exemption as per the Industrial Policy, 1997. The assessee unit subsequently undergone substantial expansion in terms of North East Industrial & Investment Promotion Policy, 2007 (NEIIP, 2007) and commenced its commercial production w.e.f. 02.05.2008 after undergoing substantial expansion...