https://www.taxtmi.com/caselaws?id=325559 The Tribunal upheld the decision of the CIT(A) and dismissed the Revenue's appeals, confirming the assessee's eligibility for deduction under section 80IA of the Income Tax Act. It was established that the agreement in question was a license to operate the power plant and not a works contract, as argued by the Departmental Representative. Ownership of the power plant was deemed not necessary for claiming the deduction, and the Tribunal's decision was supported by legal precedents and the terms of the agreement between the parties. en-us Fri, 05 Feb 2016 00:00:00 +0530 Thu, 10 Mar 2016 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325559 The Tribunal upheld the decision of the CIT(A) and dismissed the Revenue's appeals, confirming the assessee's eligibility for deduction under section 80IA of the Income Tax Act. It was established that the agreement in question was a license to operate the power plant and not a works contract, as argued by the Departmental Representative. Ownership of the power plant was deemed not necessary for claiming the deduction, and the Tribunal's decision was supported by legal precedents and the terms of the agreement between the parties. Case-Laws Income Tax Fri, 05 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325559