Supreme Court · 2021 INSC 277 · Decided 28 April 2021

Commissioner of Income Tax-I v. M/S. Reliance Energy LTD. (Formerly Bses LTD.) Through Its M.D.

Court
Supreme Court of India
Citation
2021 INSC 277 · [2021] 4 S.C.R. 190
Case number
CIVIL APPEAL No. 1327/2021
Decided
28 April 2021
Bench
L. NAGESWARA RAO, VINEET SARAN (2-judge bench)
Outcome
Disposed off
Case type
Civil
Acts & sections cited
Income Tax Act Section 80

Headnote

Income Tax Act, 1961: s.80-IA - Deduction under - Held: The import of s.80-IA is that the 'total income' of an assessee is computed by taking into account the allowable deduction of the profits from the 'eligible business' - There is no limitation on deduction admissible under s.80-IA of the Act to income under the head 'business' only. Disposing of the appeals, the Court Held: 1. A plain reading of Section 80AB of the Act shows that the provision pertains

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