https://www.taxtmi.com/caselaws?id=70125 The Tribunal dismissed the assessee's appeal, concluding that deductions under sections 80HH and 80-I of the Income-tax Act, 1961, were not applicable for power generation. It determined that power generation did not qualify as an 'industrial undertaking' for section 80HH and that the requisite employment conditions were unmet due to outsourced management. Additionally, the Tribunal held that deductions should be based on net income, not gross, as per section 80AB, and that power generation was not considered an 'article' for deduction purposes. The decision was based on statutory analysis, legal interpretations, and legislative intent. en-us Tue, 06 Sep 2005 00:00:00 +0530 Sat, 20 Apr 2024 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70125 The Tribunal dismissed the assessee's appeal, concluding that deductions under sections 80HH and 80-I of the Income-tax Act, 1961, were not applicable for power generation. It determined that power generation did not qualify as an 'industrial undertaking' for section 80HH and that the requisite employment conditions were unmet due to outsourced management. Additionally, the Tribunal held that deductions should be based on net income, not gross, as per section 80AB, and that power generation was not considered an 'article' for deduction purposes. The decision was based on statutory analysis, legal interpretations, and legislative intent. Case-Laws Income Tax Tue, 06 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70125