Read all Latest Updates on and about Section 80IA of the Income Tax Act

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Sale of REC/ Carbon Credits are Capital Receipt: ITAT Quashes Demand [Read Order]

Franklin Joshva

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that income earned from the sale of Renewable Energy Certificates (RECs),...

Transfer Pricing adjustment unwarranted u/s 92BA If Deduction Not claimed u/s 80IA: ITAT Deletes...

Delhi HC Quashes Rs. 26.52 Cr Income Tax Addition on Power Pricing, Upholds SEB Rates for S. 80IA...

Section 80IA claim permitted on gross basis without offsetting losses from other Industrial Units:...

Relief to Vodafone: ITAT allows deduction u/s 80 IA of Income Tax Act to undertakings providing...

Relief to Karnataka Renewable Energy Development: SC dismisses SLP by Income Tax Dept with delay of 104 days [Read Order]

The Supreme court dismissed the special leave petition of income tax department against the Karnataka renewable energy development which was filed with a delay of 104 days. The Special leave...

Claim of Deduction on Sale of Scrap and Stores in Respect of Export Turnover u/s 80HHC: ITAT Allows Appeal [Read Order]

The Income Tax Appellate Tribunal (ITAT) Ahmedabad Bench, allowed the claim for deduction under Section 80HHC of the Income Tax Act, 1961 on the sale of scrap and parts. The assessee in this case...

Income from Car Parking Rental Eligible for Deduction u/s 80IA of Income Tax Act: ITAT [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that income from car parking rental is eligible for Deduction under Section 80IA of Income Tax Act 1961. The assessee...

Claim of Deduction u/s 80-IA of Income Tax Act Rejected due to Delay in Filing Income Tax Returns: ITAT Directs Re-adjudication [Read Order]

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer to re-adjudicate the rejection of the claim of deduction under section 80-IA of the Income Tax Act,1961...

Interest Income from Fixed Deposit is eligible for Deduction u/s 80IA: ITAT [Read Order]

The New Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the interest income earned on fixed deposit by bank and all other interest income was eligible for deduction under Section 80IA...

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

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...

Rental Income is Inseparably connected with Business of Cargo Handling Services: ITAT Allows Income Tax Deduction u/s. 80IA [Read Order]

In a significant ruling, the Income Tax Appellate Tribunal ( ITAT ), Bangalore bench has held that the rental income which is inseparably connected with the business of cargo handling services shall...