Is cogeneration power plant an independent undertaking eligible for deduction u/s.80IA of the Income Tax Act, 1961?

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Last updated: 05 August 2021
Quick Summary
This Income Tax Appellate Tribunal case concerns whether a cogeneration power plant, integrated with a sugar factory, qualifies as an independent undertaking eligible for deduction under Section 80IA of the Income Tax Act, 1961. The Revenue appealed the CIT(A)'s decision, questioning the eligibility due to integrated operations and the valuation of by-products like LP steam. The assessee did not appear, and the case proceeded ex parte.

Court :
ITAT Hyderabad

Brief :
This Revenue’s appeal for Asst. Year 2014-15 arises from the Commissioner of Income Tax (Appeals)-2, Hyderabad’s order dt.18.12.2018 passed in case No.10292/2017-18/CIT(A)-2 in proceedings under Section 143(3) of Income Tax Act, 1961 (‘the Act’).  Case called twice. None appeared on behalf of the assessee. It is accordingly proceeded exparte.

Citation :
ITA No.268/Hyd/2019

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1999
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3499
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3 Years PLAN
4999
(Excl. of GST ₹899)

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