https://www.taxtmi.com/caselaws?id=210427 For deduction under section 80-IA(8), captive transfer of electricity from windmills to the assessee's yarn business had to be valued at market value. Because the windmill power was not sold in an open competitive market and the sale to the Electricity Board was driven by a regulated tariff framework, that sale price was not treated as market value. The appropriate benchmark was the rate payable by an industrial consumer to the Board for supplied electricity, so the captive transfer was to be valued at the Board's industrial supply rate for computing the deduction. en-us Wed, 30 Nov 2011 00:00:00 +0530 Sat, 10 Jan 2026 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210427 For deduction under section 80-IA(8), captive transfer of electricity from windmills to the assessee's yarn business had to be valued at market value. Because the windmill power was not sold in an open competitive market and the sale to the Electricity Board was driven by a regulated tariff framework, that sale price was not treated as market value. The appropriate benchmark was the rate payable by an industrial consumer to the Board for supplied electricity, so the captive transfer was to be valued at the Board's industrial supply rate for computing the deduction. Case-Laws Income Tax Wed, 30 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210427