https://www.taxtmi.com/caselaws?id=119388 The Tribunal upheld the decision to reduce depreciation and repair expenses from the income generated from electricity for the purpose of deduction under section 80-IA. It emphasized that the income from electricity generation constituted a business activity, necessitating the consideration of related expenses. The appeals by the assessee were dismissed, affirming the decisions of the Assessing Officer and Commissioner of Income Tax (Appeals). en-us Fri, 15 Jun 2007 00:00:00 +0530 Tue, 10 Jul 2012 17:38:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119388 The Tribunal upheld the decision to reduce depreciation and repair expenses from the income generated from electricity for the purpose of deduction under section 80-IA. It emphasized that the income from electricity generation constituted a business activity, necessitating the consideration of related expenses. The appeals by the assessee were dismissed, affirming the decisions of the Assessing Officer and Commissioner of Income Tax (Appeals). Case-Laws Income Tax Fri, 15 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119388