Power Plant Operator Deemed Contractor, Not Eligible for Section 80-IA Industrial Undertaking Tax Benefits.

Deduction u/s 80-IA - assessee has not set up any power plant but only operating and maintaining the power plant set up and is a contractor for the purpose of rendering services and hence the charges received by the assessee cannot be treated as profits derived from the industrial undertaking for the purpose of section 80-IA - AT .....

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