Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Deduction for biodegradable waste processing allows full deduction of business profits for consecutive assessment years after commencement. Where gross total income includes profits and gains from collecting and processing or treating bio-degradable waste for generating power, producing bio-fertilizers, bio-pesticides or other biological agents, producing bio-gas, or making pellets or briquettes for fuel or organic manure, an amount equal to the whole of such profits and gains shall be allowed in computing total income for the consecutive assessment years beginning with the assessment year relevant to the previous year in which such business commences.
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.
Deduction for biodegradable waste processing allows full deduction of business profits for consecutive assessment years after commencement.
Where gross total income includes profits and gains from collecting and processing or treating bio-degradable waste for generating power, producing bio-fertilizers, bio-pesticides or other biological agents, producing bio-gas, or making pellets or briquettes for fuel or organic manure, an amount equal to the whole of such profits and gains shall be allowed in computing total income for the consecutive assessment years beginning with the assessment year relevant to the previous year in which such business commences.
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