Case Law Details
Case Name : CIT Vs Reliance Energy Ltd. (Supreme Court)
Related Assessment Year : 2002-03
Courts :
Supreme Court of India
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CIT Vs Reliance Energy Ltd. (Supreme Court)
We have considered the submissions on behalf of the Revenue as it has a bearing on the interpretation of sub-section (1) of Section 80-IA of the Act. We hold that the scope of sub-section (5) of Section 80-IA of the Act is limited to determination of quantum of deduction under sub-section (1) of Section 80-IA of the Act by treating ‘eligible business’ as the ‘only source of income’.
Sub-section (5) cannot be pressed into service for reading a limitation of the deduction under sub-section (1) only to ‘business income’. An attempt was made ...
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