https://www.taxtmi.com/caselaws?id=212463 For deduction under s. 80-IA in respect of a windmill undertaking where electricity was captively consumed, the dominant issue was determination of "market value" under s. 80-IA(8) for valuing inter-unit transfer of power. The Tribunal held that "market value" means value determined by market forces, which operates when the assessee purchases electricity from the State electricity board as a consumer; hence the board's consumer tariff reflected the market rate, not the lower rate at which the board purchases surplus power. The AO was directed to recompute eligible profits adopting Rs. 3.50 per unit, and the appeal was allowed in favour of the assessee. en-us Wed, 13 Jul 2011 00:00:00 +0530 Sat, 10 Jan 2026 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212463 For deduction under s. 80-IA in respect of a windmill undertaking where electricity was captively consumed, the dominant issue was determination of "market value" under s. 80-IA(8) for valuing inter-unit transfer of power. The Tribunal held that "market value" means value determined by market forces, which operates when the assessee purchases electricity from the State electricity board as a consumer; hence the board's consumer tariff reflected the market rate, not the lower rate at which the board purchases surplus power. The AO was directed to recompute eligible profits adopting Rs. 3.50 per unit, and the appeal was allowed in favour of the assessee. Case-Laws Income Tax Wed, 13 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212463