https://www.taxtmi.com/caselaws?id=308777 The High Court dismissed the Revenue's appeal as no substantial question of law arose from the Tribunal's order. The judgment emphasized the revenue nature of machinery parts replacement expenses for power generation companies and the procedural compliance for claiming deductions under section 80IA. The decision was supported by relevant case laws, Circular No. 1/2016, and the interpretation of the initial assessment year for deduction claims. en-us Mon, 01 Aug 2022 00:00:00 +0530 Thu, 20 Jul 2023 20:35:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308777 The High Court dismissed the Revenue's appeal as no substantial question of law arose from the Tribunal's order. The judgment emphasized the revenue nature of machinery parts replacement expenses for power generation companies and the procedural compliance for claiming deductions under section 80IA. The decision was supported by relevant case laws, Circular No. 1/2016, and the interpretation of the initial assessment year for deduction claims. Case-Laws Income Tax Mon, 01 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308777