{"id":25466,"date":"2022-03-12T16:41:37","date_gmt":"2022-03-12T11:11:37","guid":{"rendered":"https:\/\/itatonline.org\/digest\/nlc-india-ltd-v-dy-cit-2021-87-itr-121-chennaitrib-3\/"},"modified":"2022-03-12T16:41:37","modified_gmt":"2022-03-12T11:11:37","slug":"nlc-india-ltd-v-dy-cit-2021-87-itr-121-chennaitrib-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/nlc-india-ltd-v-dy-cit-2021-87-itr-121-chennaitrib-3\/","title":{"rendered":"NLC India Ltd. v. Dy.CIT (2021) 87 ITR 121 (Chennai)(Trib.)"},"content":{"rendered":"<p>Held that handling charges, interest received from employees and miscellaneous Income, surcharge received from Electricity Boards for delayed payment of\u00a0 receivables in respect of\u00a0 supply of\u00a0 electricity,\u00a0 Interest received from third party for delay in payment, not Income generated from business operations, not eligible for deduction. Income from expansion of unit,\u00a0 eligible deduction. (AY. 2013-14, 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80IA : Industrial undertakings-Eligible profits-Business of power generation-Handling charges, interest received from employees and miscellaneous Income-Surcharge received from Electricity Boards for delayed payment of  receivables in respect of  supply of  electricity-Interest received from third party for delay in payment-Not Income Generated From Business Operations-Not eligible for deduction-Expansion of unit-Eligible deduction. <\/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-25466","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6CK","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25466","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=25466"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25466\/revisions"}],"predecessor-version":[{"id":25467,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/25466\/revisions\/25467"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=25466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=25466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=25466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}