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Steam / Cooling Power generation activities are eligible for deduction u/s 80 IA
Case Law Details
- Case Name
- Saf Yeast Company Private Limited Vs. Deputy Commissioner of Income Tax (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2005- 06
- Courts
- All ITAT, ITAT Mumbai
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Saf Yeast Company Private Limited Vs. DCIT (ITAT Mumbai)
ITAT Held that (i) That the assessee has generated steam power from bio-gas, (ii) Generation of cooling power from cooling towers and (ii) Cooling Power from Ammonia Absorption Refrigeration Plant ans such activities are eligible for Deduction under Section 80 IA of the Income Tax Act, 1961.
Full Text of the ITAT Order is as follows:-
These cross appeals are arising out of the common order of Commissioner of Income Tax-38, Mumbai, [‘CIT(A)] in appeal No. C T(A)- 38/IT-84,85 & 86,119/2009-10 & 2010-11 vide order dated ...
