https://www.taxtmi.com/caselaws?id=456932 The ITAT Ahmedabad allowed the assessee's appeal regarding section 80IA deduction eligibility. The tribunal held that recoveries from employees and contractors for facilities provided, along with retention money and tender fees, were eligible for deduction as they were directly linked to eligible unit expenditures. The tribunal found these receipts had a live connection with electricity generation activities. Similarly, income from writing back sundry creditor balances was deemed eligible for deduction since the original expenditures were incurred for the eligible unit's operations, establishing direct nexus with the industrial undertaking's business income. en-us Fri, 28 Jul 2023 00:00:00 +0530 Tue, 27 Aug 2024 14:09:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456932 The ITAT Ahmedabad allowed the assessee's appeal regarding section 80IA deduction eligibility. The tribunal held that recoveries from employees and contractors for facilities provided, along with retention money and tender fees, were eligible for deduction as they were directly linked to eligible unit expenditures. The tribunal found these receipts had a live connection with electricity generation activities. Similarly, income from writing back sundry creditor balances was deemed eligible for deduction since the original expenditures were incurred for the eligible unit's operations, establishing direct nexus with the industrial undertaking's business income. Case-Laws Income Tax Fri, 28 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456932