Held that the previous year in which substantial expansion undertaken would became initial assessment year. Entitled to 100 Per Cent. deduction from that assessment year subject to maximum period of ten years. (AY.2015-16)
Tilak Raj Arora v. CIT (2021) 92 ITR 52 (SN) (Delhi)(Trib.)
S. 80IC : Special category States-Substantial expansion-Initial assessment year-Previous year in which substantial expansion undertaken would became initial assessment year-Entitled to 100 Per Cent. deduction from that assessment year subject to maximum period of ten years.