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2017 (5) TMI 986 - HC - Income TaxEntitlement for deduction under Section 80-IA - notional income from generation of electricity which was captively consumed by the assessee itself in another unit of the same company - Held that:- Generation of electricity by setting up a fully independent and identifiable industrial undertaking and use of that captive power for its own other unit is also required to be dealt with as per provisions of Section 80-IA and is entitled for the deduction in the same terms. See COMMISSIONER OF INCOME-TAX, DELHI Versus M/s. DCM SHRIRAM CONSOLIDATED LTD. [2015 (2) TMI 759 - SUPREME COURT ] Tribunal rightly declared the assessee entitled to claim deduction as prescribed under Section 80-IA and even for the purpose of computing the books of account as per Section 115-JA of the Income Tax Act, 1961. - Decided in favour of assessee.
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