Disallowance of deduction u/s 80-IA(8) - computation of the ...

High Court Confirms ITAT Ruling on Deduction Disallowance for Electricity Market Value Under Income Tax Law.

March 21, 2024

Case Laws Income Tax HC

Disallowance of deduction u/s 80-IA(8) - computation of the market value or electricity - The High Court referred to a previous judgment and concluded that the market value of electricity supplied by the State Electricity Board to industrial consumers should be considered for computing the deduction under Section 80-IA of the Act. The ITAT's decision was upheld.

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Disallowance of deduction u/s 80-IA(8) - computation of the ...

High Court Confirms ITAT Ruling on Deduction Disallowance for Electricity Market Value Under Income Tax Law.

March 21, 2024

Case Laws Income Tax HC

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