Section 80IA

Recent Judgements of Supreme Court on Income Tax Issues

Income Tax - Explore recent Supreme Court rulings (2023) on income tax issues. Highlights of key cases, analysis, and implications....

Deductions In Respect of Certain Incomes (Section 80IA To 80IE)

Income Tax - Explore deductions under Sections 80IA to 80IE for A.Y 2021-2025. Understand provisions, eligibility, quantum, and conditions. Simplified guide for professionals and students....

Understanding Domestic Transfer Pricing in India: Rules and Challenges

Income Tax - Explore the rules and challenges of Domestic Transfer Pricing (DTP) in India. Learn about legal definitions, threshold limits, applicability, Arm’s Length Price, documentation, issues, and techniques....

Penalties for not Maintaining Documents for Specified Domestic Transactions

Income Tax - Penalties for failing to maintain records of specified domestic transactions. Learn about arm's length pricing & essential document requirements...

Tax planning while setting up of a business with reference to location

Income Tax - Tax planning while setting up of a business with reference to location (2021-2022 A.Y, A.Y 2022-2023 , A.Y 2023-2024  and A.Y 2024-2025)...

Tax SOPS for Industrial Parks

Income Tax - Section 80-IA [4 (iii)] of the Income Tax Act, 1961 provides for a tax holiday for 10 out of 15 years in respect of profits of any undertaking which develops, develops and operates or maintains and operates an industrial park or special economic zone....

Industrial Park Scheme Eligible for Deduction Under Section 80IA of I-T ACT Extended to 31st March 2011

Income Tax - The Central Board of Direct Taxes (CBDT) has amended the Industrial Park Scheme 2008 and Rule 18C of the Income Tax Rules, 1962 to give effect to the extension of the ending date of operation of the Scheme to 31st March 2011....

Non tax breaks U/s. 80IA for telecom companies offering 3G services

Income Tax - The Government has decided that telecom companies offering 3G services will not be allowed to claim tax breaks under Section 80 IA of the Income Tax Act. Benefits under Section 80 IA are extended to companies involved in infrastructure creation. In the telecom sector, existing operators are allowed to choose a block of 10 years (out of t...

Transferee Undertaking Eligible for Deduction u/s. 80IA(4) for Remaining Period: ITAT Mumbai

DCIT Vs Olympia Tech Park (Chennai) Private Limited (ITAT Mumbai) - ITAT Mumbai held that in case of transfer of undertaking deduction u/s. 80IA(4) of the Income Tax Act for remaining unexpired period duly admissible to transferee when transferor and transferee should jointly intimate to the Department of Industrial Policy and Promotion....

Surplus on redemption of treasury bills taxable under Capital Gains: ITAT Mumbai

Bajaj Auto Ltd. Vs DCIT (ITAT Mumbai) - ITAT Mumbai held that surplus on redemption of treasury bills is taxable under the head Capital Gains and not under the head ‘Profits and Gains of Business’....

TDS not deductible from discount paid on prepaid sim card/ recharge vouchers

Vodafone India Ltd. Vs DCIT (ITAT Mumbai) - ITAT Mumbai held that the assessee is not liable to deduct tax at source from the discount paid on prepaid sim card/recharge vouchers. Thus, disallowance made u/s 40(a)(ia) of the Income Tax Act liable to be deleted....

Denial of 80IA Benefit in 4th Year Unjustified: Delhi HC

PCIT Vs BT Global Communications India Pvt. Ltd. (Delhi High Court) - Delhi High Court ruling on Income Tax: Department's U-turn on 80IA deduction in the 4th year deemed unjustified. Case analysis of PCIT vs. BT Global Communications India Pvt. Ltd....

Section 80IA(4): Deduction eligible as agreement entered for development of infrastructure

PCIT Vs Montecarlo Construction Ltd (Gujarat High Court) - Gujarat High Court held that as agreement entered into is for the development of infrastructure facility and not the works contract hence assessee is eligible to avail deduction available under section 80IA(4) of the Income Tax Act....

List of Notified Industrial Parks from 16-9-2010 till date -Section 80-IA(4)(iii) of the Income-tax Act, 1961

Income Tax Press release - (14/12/2010) - Section 80-IA(4)(iii) of the Income-tax Act, 1961 - Deductions - Profits and gains from Industrial Infrastructure Undertakings, etc. - List of notified Industrial Parks from 16-9-2010 till date...

Notification No. 78/2010-Income Tax Dated 11/10/2010

Notification No. 78/2010-Income Tax - (11/10/2010) - Notification No. 78/2010-Income Tax [F.No.178/100/2008-ITA-I], dated 11-10-2010 Government hereby notifies M/s. Marathon Nextgen Realty Limited, Mumbai as an undertaking and the project at Marathon Nextgen Innova IT Building, (Building No.7), Survey No. CS No. 2/142, Opp. Peninsula Corporate Park O...

Notification No. 73/2010-Income Tax Dated 22/9/2010

Notification No. 73/2010-Income Tax - (22/09/2010) - Notification No. 73/2010-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for industrial park, by the ...

Notification No. 66-Income Tax Dated 28/7/2010

Notification No. 66/2010-Income Tax - (28/07/2010) - Notification No. 66/2010-Income Tax in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the said Act read with rule 18C of the Income Tax Rules, 1962, the Central Government hereby notifies M/s. DLF Cyber City Developers Limited as an undertaking and the projec...

Section 80-IA- Notified undertaking of M/s. Infinity Infotech Parks Limited

Notification No. 54/2010-Income Tax - (15/07/2010) - Notification No. 54/2010-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961), (hereinafter referred to as the said Act), has framed and notified a scheme for industrial park, vide n...

Recent Posts in "Section 80IA"

Transferee Undertaking Eligible for Deduction u/s. 80IA(4) for Remaining Period: ITAT Mumbai

DCIT Vs Olympia Tech Park (Chennai) Private Limited (ITAT Mumbai)

ITAT Mumbai held that in case of transfer of undertaking deduction u/s. 80IA(4) of the Income Tax Act for remaining unexpired period duly admissible to transferee when transferor and transferee should jointly intimate to the Department of Industrial Policy and Promotion....

Surplus on redemption of treasury bills taxable under Capital Gains: ITAT Mumbai

Bajaj Auto Ltd. Vs DCIT (ITAT Mumbai)

ITAT Mumbai held that surplus on redemption of treasury bills is taxable under the head Capital Gains and not under the head ‘Profits and Gains of Business’....

Recent Judgements of Supreme Court on Income Tax Issues

Explore recent Supreme Court rulings (2023) on income tax issues. Highlights of key cases, analysis, and implications....

Posted Under: Income Tax |

Deductions In Respect of Certain Incomes (Section 80IA To 80IE)

Explore deductions under Sections 80IA to 80IE for A.Y 2021-2025. Understand provisions, eligibility, quantum, and conditions. Simplified guide for professionals and students....

Posted Under: Income Tax |

TDS not deductible from discount paid on prepaid sim card/ recharge vouchers

Vodafone India Ltd. Vs DCIT (ITAT Mumbai)

ITAT Mumbai held that the assessee is not liable to deduct tax at source from the discount paid on prepaid sim card/recharge vouchers. Thus, disallowance made u/s 40(a)(ia) of the Income Tax Act liable to be deleted....

Denial of 80IA Benefit in 4th Year Unjustified: Delhi HC

PCIT Vs BT Global Communications India Pvt. Ltd. (Delhi High Court)

Delhi High Court ruling on Income Tax: Department's U-turn on 80IA deduction in the 4th year deemed unjustified. Case analysis of PCIT vs. BT Global Communications India Pvt. Ltd....

Section 80IA(4): Deduction eligible as agreement entered for development of infrastructure

PCIT Vs Montecarlo Construction Ltd (Gujarat High Court)

Gujarat High Court held that as agreement entered into is for the development of infrastructure facility and not the works contract hence assessee is eligible to avail deduction available under section 80IA(4) of the Income Tax Act....

Section 80IA(4)(ii): Expansion of Telecommunication Service does not constitute a new undertaking

PCIT Vs Verizone Communications India Pvt. Ltd. (Delhi High Court)

Delhi High Court ruling in PCIT vs. Verizon Communications India Pvt. Ltd. case: Analysis of 80IA deduction, expansion of telecom services, and tax holiday denial....

Understanding Domestic Transfer Pricing in India: Rules and Challenges

Explore the rules and challenges of Domestic Transfer Pricing (DTP) in India. Learn about legal definitions, threshold limits, applicability, Arm’s Length Price, documentation, issues, and techniques....

Posted Under: Income Tax |

TP adjustment deleted as rates on which power is available via Indian Energy Exchange cannot be applied

Tata Steel Ltd Vs DCIT (ITAT Mumbai)

ITAT Mumbai held that the rates on which power is available through Indian Energy Exchange cannot be applied, because these are not the rates to the consumers but rates to the DISCOMs. Accordingly, transfer pricing adjustment deleted....

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