:oThis is with regard to the availing of deduction u/s 80 IC of the Income Tax Act, 1961.
One of our group company is about to start an SHP (Small Hydro Project) in Himachal Pradesh for which deduction can be claimed by the company if it is in the specified area of the specified state OR if established in a non-specified area of the specified state it should manufacture the goods specified in the Schedule XIV[Part C].
But since the unit of the company is not situated in the specified area of the specified state and the goods manufactured (Hydro Power) is not specified in the Schedule XIV [Part C], we would like to avail the deduction through the special notification by the CBDT(if any).
So, please guide us in this regard how we should proceed in this matter.
CAclubindia
