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2014 (2) TMI 1351 - AT - Income TaxEntitlement for deduction u/s 80-IA on the generation of power and utilized for captive consumption - HELD THAT:- As decided in TAMILNADU PETRO PRODUCTS LTD. VERSUS ASSISTANT COMMISSIONER OF INCOME-TAX [2010 (11) TMI 645 - MADRAS HIGH COURT] in the light of section 80-IA and in particular sub-clause (iv) of the said section which provides for the benefit even in respect of electricity generation plant established by the assessee and the income derived from such enterprise of the assessee, it will have to be held that the assessee fully complied with the requirements prescribed under section 80-IA in order to avail the benefits provided therein. Therefore, the contention based on the interpretation of the expression 'derived from' can have no application to the case where the provisions of section 80-IA get attracted - Decided against revenue.
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