https://www.taxtmi.com/caselaws?id=237243 The Tribunal upheld the disallowances made by the Assessing Officer (AO) and Commissioner of Income Tax (Appeals) (CIT(A)) regarding the claims for deduction under Sections 80-IA(4)(iv)(c) and 80-IA(4)(iv)(b) of the Income Tax Act, 1961, by an electricity distribution company. The Tribunal emphasized the necessity of meeting specific conditions for claiming deductions and depreciation under the Act. The appeal of the assessee was partly allowed for statistical purposes, with directions for the AO to reassess the quantum of disallowance concerning depreciation on consumer-funded assets. en-us Wed, 31 Oct 2012 00:00:00 +0530 Mon, 23 Sep 2013 06:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237243 The Tribunal upheld the disallowances made by the Assessing Officer (AO) and Commissioner of Income Tax (Appeals) (CIT(A)) regarding the claims for deduction under Sections 80-IA(4)(iv)(c) and 80-IA(4)(iv)(b) of the Income Tax Act, 1961, by an electricity distribution company. The Tribunal emphasized the necessity of meeting specific conditions for claiming deductions and depreciation under the Act. The appeal of the assessee was partly allowed for statistical purposes, with directions for the AO to reassess the quantum of disallowance concerning depreciation on consumer-funded assets. Case-Laws Income Tax Wed, 31 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237243