considering the market value of electricity for the purpose
of section 80IA to be the average landed cost of electricity at which the assessee procured ... open market value of
power in terms of Sub-Section (8) of Section 80IA. The rate so computed is considered to be
the sale rate
maintaining any infrastructure facility.
Thus, section sub section (1) read with clause (i) of
sub section (4) of 80IA envisages
I)) It is an enterprise ... undertaking
or the enterprise referred to in sub- section 1 , then deduction provide u/s
80IA(4) is not allowable. The DR further argued that
provisions of Section 263 are not satisfied, is without
any basis. Whether the reduction in depreciation would decrease the
deduction u/s 80IA ... with
admissibility of deduction under these sections. Therefore, once the
issue relating to computation of deduction under section 80IA / 80IC
travelled
With respect to Question [B], the issue pertains to sub Section
(8) of Section 80IA of the Income Tax Act, 1961. The assessee ... unit from
the general unit. The Assessing Officer applying sub-Section (8) of
Section 80IA restricted the same to Rs. 5.32 ps. per unit
facts and
in law in not allowing the claim of deduction u/s 80IA on other income
other than on retention charges, unauthorized construction ... justified in allowing deduction u/s 80IA on interest income
including penal interest income and on other income.
6. (a) Whether on the facts
Assessing Officer also
observed that as per Section 80AC of the Act, deduction U/s 80IA was
not allowable if return is filed beyond ... filing the return
U/s 139(1) of the Act. Therefore, the Assessing Officer disallowed
deduction U/s 80IA
enterprise from any business referred to in Sub-Section (4) of Section 80IA and such business being referred to as eligible business and subject ... said section is it should be from an eligible business, which has been enumerated in Sub-section (4) of Section 80IA of the Act. Thus
rights or copy rights Section 35A(6) :
(c) Expenditure of know-how Section 35AB(3) :
(d) Treatment of preliminary expenses Section 35D(5) :
(e) Amortization ... family planning Section 36(1)(ix) :
(g) Treatment of Bad debts section 36(1)(vii) :
(h) Deduction available u/s 80IA & 80IB :
(i) Carry
Dcit, New Delhi vs M/S. Vodafone Essar Digilink Ltd., New ... on 14 March, 2018
enterprise
referred to in sub-section (1).]
9.1. We find that as per the provisions of Section 80IA the deduction is allowable to an
undertaking ... said section also states that
nothing contained in this section shall apply in relation to a business referred to in sub-
section (4) which
