Section 32AC deduction eligible on Generation of Electricity

ACIT Vs Interocean Shipping (India) Pvt. Ltd. (ITAT Delhi)

ITAT held that it is now well settled proposition that generation of electricity amounts to manufacture or production of any article or they qualifying for deduction u/s 32AC.

FULL TEXT OF THE ORDER OF ITAT DELHI

This appeal by the Revenue is directed against the order of the Ld. CIT(Appeals)-44, New Delhi, dated 22.08.2019 pertaining to Assessment Year 2016-17.

2. The grounds of appeal reads as under:-

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