Where a buyer and seller enter into a sale-purchase agreement of a Windmill asset, can a deduction u/s 80IA be claimed by the buyer? The said windmill has been in operations for 7 years now, it has 18 more years of asset life. The windmill power generated is being supplied to state government. Till now, the existing seller has not claimed deduction u/s 80IA.
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Section 80ia deduction
Replies (1)
windmill asset is not infrastructure development so u cant claim
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