Dismissing the appeal of the assessee the Tribunal held that ,once exemption of 100% deduction is claimed for initial period of five years , the assessee cannot calim deduction at 100% beyond period of five years on ground of substantial expansion . (AY.2011-12)
Admac Formulations. v. CIT (2018) 409 ITR 661 (P&H)(HC) Editorial: Order in Hycron Electronics v. ITO ( 2015) 41 ITR 486 (Chd) (Trib) is affirmed
S. 80IC : Special category States -Initial Assessment Year —Substantial expansion- Claimed 100% deduction for five years- Cannot claim deduction at 100 Per Cent. beyond period of five years on ground of substantial expansion.