{"id":22969,"date":"2021-12-04T06:17:55","date_gmt":"2021-12-04T00:47:55","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-reliance-energy-ltd-2021-127-taxmann-com-69-320-ctr-473-201-ctr-73-sccit-v-reliance-energy-ltd-2021-127-taxmann-com-69-320-ctr-473-201-ctr-73-sc\/"},"modified":"2021-12-04T06:17:55","modified_gmt":"2021-12-04T00:47:55","slug":"cit-v-reliance-energy-ltd-2021-127-taxmann-com-69-320-ctr-473-201-ctr-73-sccit-v-reliance-energy-ltd-2021-127-taxmann-com-69-320-ctr-473-201-ctr-73-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-reliance-energy-ltd-2021-127-taxmann-com-69-320-ctr-473-201-ctr-73-sccit-v-reliance-energy-ltd-2021-127-taxmann-com-69-320-ctr-473-201-ctr-73-sc\/","title":{"rendered":"CIT v. Reliance Energy Ltd (2021) 127 taxmann.com 69 \/ 320 CTR 473 \/ 201 CTR 73 (SC)CIT v. Reliance Energy Ltd (2021) 127 taxmann.com 69 \/ 320 CTR 473 \/ 201 CTR 73 (SC)"},"content":{"rendered":"<p>Held by the High Court that the scope of Section 80IA(5) of the Act is limited to determination of quantum of deduction under Section 80IA(1) by treating &#8216;eligible business&#8217; as the &#8216;only source of income&#8217;. Sub-section (5) cannot be pressed into service for reading a limitation of the deduction under sub-section (1) only to &#8216;business income&#8217;. \u00a0(AY 2002-03)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80IA : Industrial undertakings \u2013 Infrastructure development \u2013 Scope of S\/80IA(5) is limited to determine quantum of deduction under S\/80IA(1) by treating &#8216;eligible business&#8217; as &#8216;only source of income&#8217; \u2013 However, S\/80IA(5) cannot be read to limit the deduction only to business income. [ S80AB ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-22969","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5Yt","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=22969"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22969\/revisions"}],"predecessor-version":[{"id":22970,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22969\/revisions\/22970"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=22969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=22969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=22969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}