2024 (3) TMI 1159

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... interest on the bonds issued by GRIDCO in lieu of unpaid energy bills - Nexus with business activity - Disallowing deduction towards power profit under Section 80-IA (4)(iv) - As decided by HC [ 2022 (3) TMI 539 - ORISSA HIGH COURT] on the netting principle, since there is no other activity of the Assessee except power generation, the AO, the CIT(A) and the ITAT, were in error in disallowing the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... oner(s) : Mr. N Venkatraman, A.S.G., Mrs. Nisha Bagchi, Sr. Adv., Mr. Raj Bahadur Yadav, AOR, Mr. Shashank Bajpai, Adv., Mr. Padmesh Mishra, Adv. And Mr. Navanjay Mahapatra, Adv. For the Respondent(s) : None ORDER There is a gross delay of 608 days in filing the special leave petition. The reasons assigned for seeking condonation of delay are not acceptable to us. Hence, the application seeking co .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X