Tribunal held that deduction could not be restricted, proportionately to split/broken period when undertaking undertook substantial expansion and it was eligible on basis of annual profit. (AY. 2005-06)
Mahindra & Mahindra Ltd. v. ACIT (2020) 184 ITD 621 (Mum.)(Trib.)
S. 80IC : Special category States-Deduction could not be restricted proportionately to split/broken period when undertaking undertook substantial expansion and it was eligible on basis of annual profit.