2019 (4) TMI 1532

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....neration Plant are eligible for deduction u/S. 80IA of the I.T. Act? (ii) Whether on the facts and in the circumstances of the case and in law, the Tribunal was right in holding that Renupower Unit No. 8 is a new undertaking and has been carrying on the eligible business from the Financial Year 1997-98 and continues to satisfy the conditions laid down in sub-section (3) and (4) of Sec. 80IA as effective from 1.4.2010 and therefore, eligible for deduction u/S. 80IA? (iii) Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in holding that Renupower Unit No. 9 was eligible for deduction u/S. 80IA (w.e.f. 1.4.2000) in terms of the option granted u/S. 80IA(2)? (iv) Whether ....

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....ts and in the circumstances of the case and in law, the Tribunal was justified in directing the A.O. to treat the Renupower Unit No. 10 and Birla Copper Power Unit-II as a new industrial undertaking for the purpose of claiming deduction u/S. 80IA? 3. We notice that the Revenue has suggested following additional questions:- (a) Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in not upholding the disallowance made by the A.O. u/S. 36(i)(iii) which had been confirmed by the CIT(A) under the provisions of Sec. 14A and thus, deleting the disallowance in toto, without appreciating that in the assessment order in para 2.7 to para 2.9, on pages 7 and 8 thereof, the A.O. had demonstrated t....

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....benchmark its transaction with any comparable or case? (e) Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in upholding the decision of the CIT(A) directing the Assessing Officer to allow additional depreciation u/S. 32(iia) of Rs. 20,90,69,754/- in respect of Co-Generation in Plant-2? (f) Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in holding that in directing the A.O. to allow deduction u/S. 80IA applying the UPSEB/s market rate? (g) Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in law in allowing the claim of the assessee company for exemption of interest recei....