https://www.taxtmi.com/caselaws?id=343248 The High Court upheld the Income Tax Appellate Tribunal's decision for the assessment year 2000-2001, affirming the assessee's entitlement to deduction under Section 80-IA of the Income Tax Act for income from power generation, even if captively consumed. The Court emphasized the strict construction of Section 115JA(ii) and the inclusion of power generation activities under Section 80-IA, in line with precedent judgments. The assessee's claim for deduction was upheld, following the principles established in a previous case, Commissioner of Income Tax, Delhi Vs. M/s. DCM Shriram Consolidated Ltd. en-us Fri, 12 May 2017 00:00:00 +0530 Mon, 22 May 2017 07:24:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343248 The High Court upheld the Income Tax Appellate Tribunal's decision for the assessment year 2000-2001, affirming the assessee's entitlement to deduction under Section 80-IA of the Income Tax Act for income from power generation, even if captively consumed. The Court emphasized the strict construction of Section 115JA(ii) and the inclusion of power generation activities under Section 80-IA, in line with precedent judgments. The assessee's claim for deduction was upheld, following the principles established in a previous case, Commissioner of Income Tax, Delhi Vs. M/s. DCM Shriram Consolidated Ltd. Case-Laws Income Tax Fri, 12 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343248