https://www.taxtmi.com/caselaws?id=461353 ITAT Jaipur allowed assessee's appeal on multiple grounds. HC upheld reliability charge of Rs. 1.50/unit as part of transfer price for power undertaking under section 80-IA deduction, following precedent from AY 2014-15. Tribunal permitted deduction under section 80-IA while computing book profit under section 115JB, citing favorable HC decisions. Depreciation at 25% allowed on leasehold rights as business/commercial rights under section 32(1)(ii). Various additions deleted including Rs. 1 crore payment to transporter due to AO's failure to provide evidence. Interest under section 234C deleted considering retrospective amendment impossibility. Subsidies held taxable as income post-2015 amendment. Notional income excluded from book profit computation under section 115JB. en-us Wed, 21 Feb 2024 00:00:00 +0530 Fri, 28 Mar 2025 18:39:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461353 ITAT Jaipur allowed assessee's appeal on multiple grounds. HC upheld reliability charge of Rs. 1.50/unit as part of transfer price for power undertaking under section 80-IA deduction, following precedent from AY 2014-15. Tribunal permitted deduction under section 80-IA while computing book profit under section 115JB, citing favorable HC decisions. Depreciation at 25% allowed on leasehold rights as business/commercial rights under section 32(1)(ii). Various additions deleted including Rs. 1 crore payment to transporter due to AO's failure to provide evidence. Interest under section 234C deleted considering retrospective amendment impossibility. Subsidies held taxable as income post-2015 amendment. Notional income excluded from book profit computation under section 115JB. Case-Laws Income Tax Wed, 21 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461353