https://www.taxtmi.com/caselaws?id=209130 Section 80-IA(8) permits captive electricity transferred between units to be valued inclusive of electricity tax where that reflects its market value; indirect expenses not directly attributable to the eligible unit cannot be arbitrarily allocated. Deduction was allowed for steam sales as power-related output but denied for sludge sales because that income was not derived from the industrial undertaking. Provision for doubtful debts and leave encashment were added back in computing book profit under section 115JB under the applicable amendment. Canteen contributions were treated as allowable business expenditure, while bad-debt business-loss claims and section 43B matters required fresh factual adjudication. en-us Fri, 29 Jan 2010 00:00:00 +0530 Thu, 18 Sep 2025 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209130 Section 80-IA(8) permits captive electricity transferred between units to be valued inclusive of electricity tax where that reflects its market value; indirect expenses not directly attributable to the eligible unit cannot be arbitrarily allocated. Deduction was allowed for steam sales as power-related output but denied for sludge sales because that income was not derived from the industrial undertaking. Provision for doubtful debts and leave encashment were added back in computing book profit under section 115JB under the applicable amendment. Canteen contributions were treated as allowable business expenditure, while bad-debt business-loss claims and section 43B matters required fresh factual adjudication. Case-Laws Income Tax Fri, 29 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209130