Supplier's Excess Costs Recovered as Income Deductible u/s 80IE for Appellant Company.

Supplier's Excess Costs Recovered as Income Deductible u/s 80IE for Appellant Company. https://www.taxtmi.com/highlights?id=62494 Eligible income for the purpose of deduction u/s 80IE - the recovery of excess cost charged by the supplier is extricably connected with income of the industrial undertaking as of the undertaking of the appellant company and therefore, is entitled to deduction under Section 80IE of the Act. We, thus, allow the said deduction in respect of the appellant company under Section 80IE of the Act. - AT en-us Thu, 17 Mar 2022 12:06:39 +0530 Thu, 17 Mar 2022 12:06:39 +0530 TaxTMI RSS Generator Supplier's Excess Costs Recovered as Income Deductible u/s 80IE for Appellant Company. https://www.taxtmi.com/highlights?id=62494 Eligible income for the purpose of deduction u/s 80IE - the recovery of excess cost charged by the supplier is extricably connected with income of the industrial undertaking as of the undertaking of the appellant company and therefore, is entitled to deduction under Section 80IE of the Act. We, thus, allow the said deduction in respect of the appellant company under Section 80IE of the Act. - AT Highlights Income Tax Thu, 17 Mar 2022 12:06:39 +0530 https://www.taxtmi.com/highlights?id=62494