Specified business deduction under section 35AD: regulatory allocation of pipeline capacity and exclusion of Chapter VI-A claims. The amendments delegate determination of the eligible proportion of pipeline capacity to Petroleum and Natural Gas Regulatory Board regulations and replace the interaction rule to bar any Chapter VI-A deductions where a deduction under this section is claimed and allowed; they also expand qualifying specified businesses to include two-star-or-above hotels, hospitals with stipulated bed capacity, and slum redevelopment housing projects notified under prescribed guidelines.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Specified business deduction under section 35AD: regulatory allocation of pipeline capacity and exclusion of Chapter VI-A claims.
The amendments delegate determination of the eligible proportion of pipeline capacity to Petroleum and Natural Gas Regulatory Board regulations and replace the interaction rule to bar any Chapter VI-A deductions where a deduction under this section is claimed and allowed; they also expand qualifying specified businesses to include two-star-or-above hotels, hospitals with stipulated bed capacity, and slum redevelopment housing projects notified under prescribed guidelines.
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