https://www.taxtmi.com/caselaws?id=207565 The Tribunal upheld the CIT(A)'s decision regarding the determination of the market value of electricity, stating that the market rate should be based on sales to other parties rather than the State Electricity Board (SEB). The Tribunal also agreed with the revenue's position on the eligibility of profits from the sale of Fly Ash Bricks, ruling that such profits are not derived from the power generating unit and therefore not eligible for deduction under Section 80-IA. Both the revenue's and the assessee's appeals were dismissed accordingly. en-us Fri, 04 Nov 2011 00:00:00 +0530 Fri, 16 Dec 2011 09:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207565 The Tribunal upheld the CIT(A)'s decision regarding the determination of the market value of electricity, stating that the market rate should be based on sales to other parties rather than the State Electricity Board (SEB). The Tribunal also agreed with the revenue's position on the eligibility of profits from the sale of Fly Ash Bricks, ruling that such profits are not derived from the power generating unit and therefore not eligible for deduction under Section 80-IA. Both the revenue's and the assessee's appeals were dismissed accordingly. Case-Laws Income Tax Fri, 04 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207565