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2022 (4) TMI 1268 - AT - Income TaxDisallowance of deduction u/s. 80IA on account of profit from sale of steam - AO held that no deduction under S. 80IA of the Act was admissible on sale of steam which was used for consumption in other unit - HELD THAT:- As decided in own case [2018 (1) TMI 1667 - ITAT AHMEDABAD] relying on various decision in support of the claim made by the assessee and acceptance by the AO that steam is a form of power and eligible for deduction and for the basis of deduction relying on the engineers certificate as well different case laws held. CIT(A) has rightly deleted the addition and profit margin kept by the assessee in Captive consumption is fair and reasonable. In our considered opinion on the basis of consistency and ld. CIT(A) has passed a detailed and reasoned order. - Decided against revenue.
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