Case Law Analysis
|Income Tax Appellate Tribunal
Section 80IA Deduction | Income from Renewable Energy Certificates Integral to Power Sale, Rules ITAT Delhi
ITAT Delhi clarifies that income from Renewable Energy Certificates (RECs) is directly linked to the eligible business of power sale and qualifies for deduction under Section 80IA. The ruling sets a precedent for infrastructure financing, ensuring tax benefits for renewable energy projects where RECs are part of the revenue stream.