Tag Archives: Hindustan Zinc Ltd.

Power generation qualifies as production, entitling manufacturers to additional depreciation under Section 32(1)(iia)

By | October 13, 2026
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Power generation qualifies as production, entitling manufacturers to additional depreciation under Section 32(1)(iia) Issue Whether power generation comes within the scope of “production” under Section 32(1)(iia) of the Income-tax Act, 1961 to qualify for additional depreciation on new plant and machinery installed at a Captive Power Plant (CPP) and Wind Power Plant (WPP). Whether an… Read More »

Tax Refund Reopening KVSS Settlement Is Impermissible Due To Bar Under Section 90(3)

By | September 19, 2026
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Tax Refund Reopening KVSS Settlement Is Impermissible Due To Bar Under Section 90(3) Issue Whether a taxpayer can claim a tax refund for an assessment year settled under the Kar Vivad Samadhan Scheme (KVSS) on account of a subsequent recomputation of brought-forward losses from an earlier year, in light of the statutory bar under Section… Read More »

Availing KVSS for interest does not bar tax refunds from carry-forward loss, but settled tax demands cannot be reopened.

By | September 17, 2026
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Availing KVSS for interest does not bar tax refunds from carry-forward loss, but settled tax demands cannot be reopened. Availing KVSS for interest does not bar tax refunds from carry-forward loss, but settled tax demands cannot be reopened. Issue Whether an assessee who settled disputed interest demands under the Kar Vivad Samadhan Scheme (KVSS) retains… Read More »