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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

The rate at which Maruti Udyog Limited is claimed to supply the ...


Maruti Udyog's Power Rate Not Market Standard; No Section 80IA Deduction Due to Loss in Generation Unit.

September 26, 2013

Case Laws     Income Tax     AT

The rate at which Maruti Udyog Limited is claimed to supply the power to its AE cannot be said to be the market rate of the power in that area - There was a loss in the power generation undertaking of the assessee and therefore, there was no eligible profit for allowing deduction under Section 80IA - AT

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