The Calcutta High Court has held that electricity duty must be included in Section 80-IA of the Income Tax Act valuation. The bench of Justice Rajarshi Bharadwaj and Justice Uday Kumar has observed that once a receipt is characterized as capital in nature, it cannot be treated as income for MAT purposes unless specifically provided…
Electricity Duty Must Be Included in S. 80-IA Valuation: Calcutta High Court
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.
Latest articles
Supreme Court
Cause of Action Must Be Judged Without Conducting Mini-Trial Under Order VII Rule 11 CPC: Supreme Court Quashes Rejection of Plaint Order
The Supreme Court of India has set aside the Madras High Court’s order rejecting...
Direct Tax
No “Make Available” of Technical Knowledge: Supreme Court Upholds Non-Taxability of Receipts Under India–US DTAA
The Supreme Court of India has dismissed a Special Leave Petition filed by the...
Other Laws
Arvind Kejriwal Writes to Delhi High Court, Cites “Inability in Conscience” to Continue Proceedings
Raising questions around judicial impartiality and conflict of interest, a detailed letter has been...
Supreme Court
Foreign Judgment Passed Without Full Trial Not Enforceable in India: Supreme Court
The Supreme Court of India has held that a foreign judgment delivered through summary...
More like this
Supreme Court
Cause of Action Must Be Judged Without Conducting Mini-Trial Under Order VII Rule 11 CPC: Supreme Court Quashes Rejection of Plaint Order
The Supreme Court of India has set aside the Madras High Court’s order rejecting...
Direct Tax
No “Make Available” of Technical Knowledge: Supreme Court Upholds Non-Taxability of Receipts Under India–US DTAA
The Supreme Court of India has dismissed a Special Leave Petition filed by the...
Other Laws
Arvind Kejriwal Writes to Delhi High Court, Cites “Inability in Conscience” to Continue Proceedings
Raising questions around judicial impartiality and conflict of interest, a detailed letter has been...

