Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Page of 4786
Press 'Enter' after typing page number.
401 to 420 of 95714 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
For computing profits of a captive power undertaking under...
Market value for captive electricity consumption follows industrial consumer tariffs, supporting profit computation for the power generation deduction.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
For computing profits of a captive power undertaking under section 80IA(4), the market value of electricity used internally is described as the tariff at which the Electricity Board supplies electricity to industrial consumers. The rate paid by the Electricity Board for surplus electricity generated is not treated as the relevant market value because it is set through statutory regulation and contractual arrangements rather than the rate payable by an industrial consumer. The note states that this approach supports computation of the eligible deduction for captive power generation.
For computing profits of a captive power undertaking under section 80IA(4), the market value of electricity used internally is described as the tariff at which the Electricity Board supplies electricity to industrial consumers. The rate paid by the Electricity Board for surplus electricity generated is not treated as the relevant market value because it is set through statutory regulation and contractual arrangements rather than the rate payable by an industrial consumer. The note states that this approach supports computation of the eligible deduction for captive power generation.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4786
Join Channel
TaxTMI 
