2020 (3) TMI 56 - SCH - Income Tax

Disallowing expenditure - proof of receipt of any service from the consultant - addition on statement recorded during search operations held that the said person had not rendered any service to the assessee-company so as to receive such payments - retraction of statement - Deduction u/s 80IA - assessee had set up a captive power generating unit - rate at which the electricity generated by one unit of the assessee-company and provided to the another be valued - HELD THAT - Delay condoned. Leave granted.

Summary

The Supreme Court of India in 2020 (3) TMI 56 - SC Order, with judges Rohinton Fali Nariman and Surya Kant, granted leave after condoning the delay. Sanjay Jain, ASG, Arijit Prasad, Sr. Adv., D.L. Chidanand, Ms. Aakanksha Kaul, Advs., and Mrs. Anil Katiyar, AOR represented the Petitioner.