https://www.taxtmi.com/caselaws?id=393575 Amounts statutorily earmarked for tariff fixation or consumer benefit, and not freely available for appropriation by the assessee, are not part of real taxable income; the efficiency gain had to be reduced while computing income, so the claim succeeded against the Revenue. Disallowances that only enhance the profits of an eligible business do not defeat deduction under Section 80IA where Chapter VI-A relief remains otherwise admissible; the CBDT circular accepted this settled position, so the deduction was allowed on the enhanced profits and the Revenue's challenge failed. No substantial question of law arose. en-us Wed, 11 Mar 2020 00:00:00 +0530 Thu, 19 Mar 2020 11:15:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393575 Amounts statutorily earmarked for tariff fixation or consumer benefit, and not freely available for appropriation by the assessee, are not part of real taxable income; the efficiency gain had to be reduced while computing income, so the claim succeeded against the Revenue. Disallowances that only enhance the profits of an eligible business do not defeat deduction under Section 80IA where Chapter VI-A relief remains otherwise admissible; the CBDT circular accepted this settled position, so the deduction was allowed on the enhanced profits and the Revenue's challenge failed. No substantial question of law arose. Case-Laws Income Tax Wed, 11 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393575