Income Tax Deduction u/s 80IA of the Act  available to Income from Independent Power Generation Undertaking Units for Generating  Power: ITAT

Income Tax Deduction - Income Tax - Deduction - Power Generation Undertaking Units - Generating  Power

The Chennai bench of Income Tax Appellate Tribunal (ITAT) has recently held that income tax deduction under Section 80IA of the Income Tax Act should be available to income from independent power generation undertaking units for generating power. The facts of the case was that, assessee Bannari Amman is a limited company engaged in the…

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