Section - 10(40) (of Income Tax Act, 1961), Income-tax Act.
Section - 10(40) (of Income Tax Act, 1961), Income-tax Act.
Incomes not included in total income.
Any income of any subsidiary company by way of grant or otherwise received from an Indian company, being its holding company engaged in the business of generation or transmission or distribution of power if receipt of such income is for settlement of dues in connection with reconstruction or revival of an existing business of power generation:
Provided that the provisions of this clause shall apply if reconstruction or revival of any existing business of power generation is by way of transfer of such business to the Indian company notified under sub-clause (a) of clause (v) of sub-section (4) of section 80-IA (of Income Tax Act, 1961);
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