Supreme Court · 2019 INSC 231 · Decided 20 February 2019
PR. Commissioner of Income Tax Shimla v. M/S Aarham Softronics
- Court
- Supreme Court of India
- Citation
- 2019 INSC 231 · [2019] 4 S.C.R. 409
- Case number
- CIVIL APPEAL No. 1784/2019
- Decided
- 20 February 2019
- Bench
- A.K. SIKRI, S. ABDUL NAZEER, M.R. SHAH (3-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 80
Headnote
Income Tax Act, 1961 - ss.80-IA, 80-IB, 80-IC - 'Initial Assessment Year' u/s.80-IC - U/s.80-IC an undertaking or enterprise, in certain special category states, which has inter alia, begun or begins to manufacture or produce any article or thing by setting up a new therein, is allowed, deduction from profits and gains u/sub-s.(3) of s.80-IC- Sub-s.(3) of s.80-IC inter alia states that a category of undertakings or enterprises (present cases belong to this category) are allowed exemption @ 100% of profits and gains for five assessment years
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