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Income Tax - Highlights / Catch Notes

Home Highlights January 2013 Year 2013 This

Computation of profit u/s 80IA - The tax component is very much ...

Case Laws     Income Tax

January 7, 2013

Computation of profit u/s 80IA - The tax component is very much part of the sale of electricity from the Thermal Power Generating Stations and the mere fact that a component of the tariff makes a reference to the tax liability with reference to income streams mentioned in clause 6, it does not make such a component as not income to be excluded in considering the relief under Section 80IA/80IB. - HC

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