https://www.taxtmi.com/caselaws?id=68300 Steam generated by an industrial undertaking in the course of producing electricity was treated as "power" for deduction under Section 80-IA(4)(iv) of the Income-tax Act. The provision was read broadly, because it used the wider term "power" rather than confining relief to electrical power alone, and the separate clauses in the section were understood to cover distinct categories of eligible undertakings. The ordinary and scientific meaning of steam, together with the definition of "generate" under Section 2(29) of the Electricity Act, 2003, supported inclusion within the incentive provision. The deduction was therefore available and the Revenue's challenge failed. en-us Mon, 30 Jun 2008 00:00:00 +0530 Sat, 02 Dec 2023 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68300 Steam generated by an industrial undertaking in the course of producing electricity was treated as "power" for deduction under Section 80-IA(4)(iv) of the Income-tax Act. The provision was read broadly, because it used the wider term "power" rather than confining relief to electrical power alone, and the separate clauses in the section were understood to cover distinct categories of eligible undertakings. The ordinary and scientific meaning of steam, together with the definition of "generate" under Section 2(29) of the Electricity Act, 2003, supported inclusion within the incentive provision. The deduction was therefore available and the Revenue's challenge failed. Case-Laws Income Tax Mon, 30 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68300