Section 36(1)(viii) Deduction Allowed for Renewable Energy Financing Business

Indian Renewable Energy Development Agency Limited Vs DCIT (ITAT Delhi) IREDA Wins Big Across Years: Delhi ITAT Allows 36(1)(viii) Deduction, Treats Interest & Ancillary Receipts as Business Income; 14A, 40(a)(ia) & Depreciation Issues Settled Delhi ITAT ‘C’ Bench in Indian Renewable Energy Development Agency Ltd. Vs. DCIT & cross appeals by Revenue [ITA Nos. 2566 to 2573 & 2910 to 2917/Del/2024, AYs 2010-11 to 2013-14 & 2015-16 to 2018-19, order dated 31.12.2025] largely allowed Assessee’s appeals and dismissed Revenue’s appeals, holding that IREDA, a PSU u...