High Court Rules Income from Penalties, Unclaimed Balances, and Rebates Eligible for Deductions u/s 80-IA(4)(iv)(c.

Income derived from the items, viz., penalty recovered from suppliers/contracts, unclaimed balance outstanding pertaining to SD/EMD of contractor written back in the books of accounts, rebate from power generators, interest income (FD for opening of LC to Power Grid Corporation Ltd., PGCIL) are allowable deduction u/s 80-IA(4)(iv)(c) - HC .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X