https://www.taxtmi.com/highlights?id=55059 Deduction u/s 80IC - AO has held that the profits are not matching with the consumption of the electricity at the said Unit - comparison of consumption of electricity in various Units of the Assessee - the AC has not rejected the books of account. We find that there are many reasons for higher electricity consumption, therefore, on this simple disparity the AO cannot disallow the deduction U/s 80IC - HC en-us Thu, 08 Oct 2020 11:47:28 +0530 Thu, 08 Oct 2020 11:47:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55059 Deduction u/s 80IC - AO has held that the profits are not matching with the consumption of the electricity at the said Unit - comparison of consumption of electricity in various Units of the Assessee - the AC has not rejected the books of account. We find that there are many reasons for higher electricity consumption, therefore, on this simple disparity the AO cannot disallow the deduction U/s 80IC - HC Highlights Income Tax Thu, 08 Oct 2020 11:47:28 +0530 https://www.taxtmi.com/highlights?id=55059