Deduction for biodegradable waste businesses: full allowance of profits from specified waste-to-energy and waste-to-product activities. The Bill allows a full deduction of profits and gains where an assessee's business of collecting and processing biodegradable waste is carried on for generating power, producing bio-fertilizers, bio-pesticides or biological agents, producing biogas, or making pellets or briquettes for fuel or organic manure; the deduction applies for a continuous period of consecutive tax years beginning with the tax year in which the eligible 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 businesses: full allowance of profits from specified waste-to-energy and waste-to-product activities.
The Bill allows a full deduction of profits and gains where an assessee's business of collecting and processing biodegradable waste is carried on for generating power, producing bio-fertilizers, bio-pesticides or biological agents, producing biogas, or making pellets or briquettes for fuel or organic manure; the deduction applies for a continuous period of consecutive tax years beginning with the tax year in which the eligible business commences.
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