Section - 80-IE - Special provisions in respect of certain undertakings in North-Eastern States
Special provisions in respect of certain undertakings in North-Eastern States.80-IE. (1) Where the gross total income of an assessee includes any profits and gains derived by an undertaking, to which this section applies, from any business referred to in sub-section (2), there shall be allowed, in computing the total income of the assessee, a deduction of an amount equal to hundred per cent of the profits and gains derived from such business for ten consecutive assessment years commencing with the initial assessment year.(2) This section applies to any undertaking which has, during the period beginning on the 1st day of April, 2007 and ending before the 1st day of April, 2017, begun or begins, in any of the North-Eastern States,-
(i)
-
to manufacture or produce any eligible article or thing;
(ii)
-
to undertake substantial expansion to manufacture or produce any eligible article or thing;
(iii)
-
to carry on any eligible business.
(3) This section applies to any undertaking which fulfils all the following conditions, namely :-
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