Supreme Court Allows 100% Tax Exemption Post Substantial Expansion Under Section 80-IC: Aarham Softronics Case (2019)

/ A.K. Sikri, Income Tax Act, 1961, Income Tax Act, 1961 with Section 80-IC, Industrial Undertakings, Judges, M. R. Shah, S. Abdul Nazeer, Tax Exemptions

Supreme Court Allows 100% Tax Exemption Post Substantial Expansion Under Section 80-IC: Aarham Softronics Case (2019) LEGAL ISSUE: Whether an assessee who initially availed 100% tax exemption under Section 80-IC of the Income Tax Act, 1961 for setting up a new industry can claim the same 100% exemption again after carrying out a substantial expansion […]

Supreme Court Allows 100% Tax Exemption Post Substantial Expansion Under Section 80-IC: Aarham Softronics Case (2019) Read Post »