Extension of deduction period under section 80-IA extends eligibility window for power and transmission projects for an additional year. Amendment substitutes the terminal date in clause (iv) of sub-section (4) of section 80-IA to extend the eligibility window for deductions concerning power generation, transmission and distribution projects and substantial renovation and modernisation of distribution networks; the substitution is effective from the start of the specified fiscal year and applies to the ensuing assessment year and subsequent years.
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Provisions expressly mentioned in the judgment/order text.
Extension of deduction period under section 80-IA extends eligibility window for power and transmission projects for an additional year.
Amendment substitutes the terminal date in clause (iv) of sub-section (4) of section 80-IA to extend the eligibility window for deductions concerning power generation, transmission and distribution projects and substantial renovation and modernisation of distribution networks; the substitution is effective from the start of the specified fiscal year and applies to the ensuing assessment year and subsequent years.
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