2014 (12) TMI 1360

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..... IA(4) - generation of power for captive consumption - HELD THAT:- Appeal ADMITTED to consider the following questions of law; (i) Whether on the facts and in the circumstances of the case and in law, the ITAT was justified in upholding the decision of CIT(A) that deduction u/s 80IA(4) is allowable to the assessee for generation of power for captive consumption? (ii) Whether the Tribunal was right .....

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..... (iv) Whether that ITAT was justified in law in not following the decision of its own division bench on this issue in the case of Gujarat State Fertilizers and Chemicals Ltd. [ 2013 (1) TMI 135 - ITAT AHMEDABAD ] which was also confirmed by the Hon ble Gujarat High Court vide order [ 2013 (6) TMI 776 - GUJARAT HIGH COURT ] ?
HONOURABLE MR. JUSTICE KS JHAVERI AND HONOURABLE MR. JUSTICE K.J. THAKE .....

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..... e on which power generating company supplied its power to GEB? (iii) Whether on the facts and in the circumstances of the case and in law, the ITAT was justified in holding that adjustment made on account of disallowance u/s 14A of the Act in computation of Book Profit u/s 115JB of the Act is not as per law without appreciating that the amount disallowable under section 14A is covered under clau .....

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