Can Deduction u/s 80-IC be Extended Beyond 10 Years?


My client is eligible and claiming deduction u/s 80-IC from A.Y. 2005-06 on the basis of substantial expansion in the financial year 2004-05. The unit is located in Uttaranchal. He is eligible for deduction u/s 80-IC @ 100% of profit and gains for first 5 assessment year and thereafter for remaining 5 years @ 25%…

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