Held that with a view to expand its business had started a new Unit-III by making investment and new employees were recruited by assessee for said Unit-III and separate account books were maintained by assessee qua Unit-II and Unit-III. The assessee would be entitled to claim benefit under section 80-IC by treating Unit-III as a separate and distinct Unit. (AY 2010-11)
PCIT v. Altruist Technologies (P) Ltd. (2022) 287 Taxman 269 / 217 DTR 385/ 328 CTR 580 (HP)(HC)
S. 80IC : Special category States-Business of Information and Communication Technology-Unit III-Splitting up or reconstruction-Separate books of account maintained-Entitle deduction as a sperate unit.