{"id":2264,"date":"2018-09-07T06:30:50","date_gmt":"2018-09-07T06:30:50","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-classic-binding-industries-sc-www-itatonline-org\/"},"modified":"2018-10-19T10:45:10","modified_gmt":"2018-10-19T10:45:10","slug":"cit-v-classic-binding-industries-sc-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-classic-binding-industries-sc-www-itatonline-org\/","title":{"rendered":"CIT v. Classic Binding Industries ( 2018) 407 ITR 429 \/ 257 Taxman 324 \/ 304 CTR 225\/ 169 DTR  185 (SC), www.itatonline.org Editorial. Decision in Stovekraft India v. CIT ( 2018) 406 ITR 225 (HP) (HC ) is reversed . Editorial. Decision in Stovekraft India v. CIT ( 2018) 406 ITR 225 (HP) (HC ) is reversed ."},"content":{"rendered":"<p>Allowing the appeal of the revenue the Court held that ; an assessee who avails of deduction for a period of 5 years @ 100% of profits and gains is entitled to deduction on &#8216;substantial expansion&#8217; for remaining 5 Assessment Years @ 25% (or 30% where the assessee is a company) and not @ 100% (Mahabir Industries v. PCIT ( 2018) 406 ITR 315 (SC) distinguished).CA. No. 7208 of 2018, dt. 20.08.2018) ( AY.2011-12- 20112-2013)<\/p>\n<p><strong>[Click here to download PDF file]<\/strong><a href=\"http:\/\/itatonline.org\/archives\/wp-content\/uploads\/Clasic-Binding-Industries-80-IC.pdf\">http:\/\/itatonline.org\/archives\/wp-content\/uploads\/Clasic-Binding-Industries-80-IC.pdf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80IC : Special category  States  -An assessee who avails of deduction for a period of 5 years @ 100% of profits and gains is entitled to deduction on &#8216;substantial expansion&#8217; for remaining 5 Assessment Years @ 25% (or 30% where the assessee is a company) and not @ 100% [.80IA ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2264","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-Aw","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=2264"}],"version-history":[{"count":5,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2264\/revisions"}],"predecessor-version":[{"id":2588,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2264\/revisions\/2588"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}