https://www.taxtmi.com/caselaws?id=419501 The Court allowed the Assessee's appeals for the deduction under Section 80-IA for AYs 2002-03, 2003-04, 2007-08, and 2008-09, finding a direct nexus between the interest income and the business of power generation. The Court dismissed the Assessee's appeal for AY 2009-10 regarding the disallowance of periphery development expenses, upholding the decision that such expenses were voluntary and unrelated to the business. en-us Fri, 11 Mar 2022 00:00:00 +0530 Sat, 09 May 2026 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419501 The Court allowed the Assessee's appeals for the deduction under Section 80-IA for AYs 2002-03, 2003-04, 2007-08, and 2008-09, finding a direct nexus between the interest income and the business of power generation. The Court dismissed the Assessee's appeal for AY 2009-10 regarding the disallowance of periphery development expenses, upholding the decision that such expenses were voluntary and unrelated to the business. Case-Laws Income Tax Fri, 11 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419501