Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Disallowance of deduction u/s 80-IA(8) - computation of the market value or electricity - The High Court referred to a previous judgment and concluded that the market value of electricity supplied by the State Electricity Board to industrial consumers should be considered for computing the deduction under Section 80-IA of the Act. The ITAT's decision was upheld.
Disallowance of deduction u/s 80-IA(8) - computation of the market value or electricity - The High Court referred to a previous judgment and concluded that the market value of electricity supplied by the State Electricity Board to industrial consumers should be considered for computing the deduction under Section 80-IA of the Act. The ITAT's decision was upheld.
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