Allowing the appeal of the assessee, the Tribunal held that substantial expansion carried out beyond five years entitle to exemption. (AY. 2015-16)
Quantum Power Systems v. ACIT (2021)187 ITD 523 / 86 ITR 9 (SN) (Bang.)(Trib.)
S. 80IC : Special category States-Manufacturing unit-Substantial expansion beyond five years-Entitle to exemption.