https://www.taxtmi.com/caselaws?id=282855 For deduction under section 80IA, the Tribunal held that husk cost for steam and power generation had to be allocated on a realistic basis, and upheld apportionment at 10% because the assessee's method reflected actual use. It also accepted turnover-based apportionment of administrative and maintenance expenses for the eligible power unit. Late filing of Form 10CCB and absence of separate books did not defeat the deduction where profits of the unit could still be ascertained from the accounts. On the section 40(a)(ia) issue, the Tribunal applied the later High Court view that the provision covers amounts paid as well as amounts payable during the year. en-us Mon, 28 Apr 2014 00:00:00 +0530 Wed, 28 Aug 2019 17:19:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282855 For deduction under section 80IA, the Tribunal held that husk cost for steam and power generation had to be allocated on a realistic basis, and upheld apportionment at 10% because the assessee's method reflected actual use. It also accepted turnover-based apportionment of administrative and maintenance expenses for the eligible power unit. Late filing of Form 10CCB and absence of separate books did not defeat the deduction where profits of the unit could still be ascertained from the accounts. On the section 40(a)(ia) issue, the Tribunal applied the later High Court view that the provision covers amounts paid as well as amounts payable during the year. Case-Laws Income Tax Mon, 28 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282855