https://www.taxtmi.com/caselaws?id=207024 The dominant issue was whether deduction under s. 80-IA could be allowed on notional profits attributable to electricity generated by an assessee's captive power plant and consumed internally. The HC held that the Revenue's restrictive reading of "derived from" was inapplicable because s. 80-IA(4) expressly extends the benefit to an electricity generation undertaking established by the assessee, and the "income derived" from such enterprise qualifies even if power generation is not the assessee's primary manufacturing business. Having found that the statutory requirements of s. 80-IA were satisfied, the HC upheld entitlement to deduction on the notional profits from captive power consumption. en-us Tue, 02 Nov 2010 00:00:00 +0530 Fri, 19 Dec 2025 16:38:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207024 The dominant issue was whether deduction under s. 80-IA could be allowed on notional profits attributable to electricity generated by an assessee's captive power plant and consumed internally. The HC held that the Revenue's restrictive reading of "derived from" was inapplicable because s. 80-IA(4) expressly extends the benefit to an electricity generation undertaking established by the assessee, and the "income derived" from such enterprise qualifies even if power generation is not the assessee's primary manufacturing business. Having found that the statutory requirements of s. 80-IA were satisfied, the HC upheld entitlement to deduction on the notional profits from captive power consumption. Case-Laws Income Tax Tue, 02 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207024