{"id":23416,"date":"2022-01-06T10:46:49","date_gmt":"2022-01-06T05:16:49","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sundaram-non-conventional-energy-systems-ltd-v-acit-2021438-itr-124-mad-hc\/"},"modified":"2022-01-06T10:46:49","modified_gmt":"2022-01-06T05:16:49","slug":"sundaram-non-conventional-energy-systems-ltd-v-acit-2021438-itr-124-mad-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sundaram-non-conventional-energy-systems-ltd-v-acit-2021438-itr-124-mad-hc\/","title":{"rendered":"Sundaram Non-Conventional Energy Systems Ltd. v. ACIT (2021)438 ITR 124 (Mad.)(HC)"},"content":{"rendered":"<p>Allowing the appeal the Court held that right a lease transaction would not amount to a transfer and merely because the lessor had claimed 100 per cent. depreciation on the asset that could not make the asset previously used to disqualify the assessee from claiming deduction under section\u00a080-IA.Order of tribunal set aside. (AY.1997-98 to 2004-05)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80IA : Industrial undertakings-Infrastructure  development-Splitting up or  Reconstruction of  existing business-Previously used-Generation and distribution of  electricity-Leasing windmills-Lease does not amount to transfer-Entitle to deduction.  [S. 80IA(3)]  <\/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-23416","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-65G","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23416","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=23416"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23416\/revisions"}],"predecessor-version":[{"id":23417,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/23416\/revisions\/23417"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=23416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=23416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=23416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}