Substantial expansion possible only on existing units-Assessee eligible for 25% Deduction U/s. 80IC not 100%

Brief of the Case

ITAT Chandigarh held In the case of M/s Shree Dhanwantri Herbals vs. The ITO that the careful reading of the form 10CCB, in a serial order would clearly show that the assessee is required to inform the location of the Industry and column (c) specifically ask the assessee to state whether business is a new business and Column (d) clearly ask the assessee whether existing business has under taken substantial expansion, therefore, there are two categories of business and substantia

Please become a Premium member. If you are already a Premium member, login here to access the full content.