https://www.taxtmi.com/caselaws?id=221097 For computing deduction under Section 80-IA on windmill power captively used in a manufacturing unit, the transfer price must reflect the market value of the electricity under Section 80-IA(8). Where the windmill undertaking and the manufacturing business are distinct, the value of power transferred for captive consumption is not fixed by the tariff at which electricity is compulsorily sold to the Electricity Board, because that rate is not market-determined in a regulated setting. The relevant commercial value is the rate charged by the Board for supply to the assessee's industrial consumer unit, and that basis was accepted for valuation. en-us Fri, 13 Jan 2012 00:00:00 +0530 Sat, 10 Jan 2026 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221097 For computing deduction under Section 80-IA on windmill power captively used in a manufacturing unit, the transfer price must reflect the market value of the electricity under Section 80-IA(8). Where the windmill undertaking and the manufacturing business are distinct, the value of power transferred for captive consumption is not fixed by the tariff at which electricity is compulsorily sold to the Electricity Board, because that rate is not market-determined in a regulated setting. The relevant commercial value is the rate charged by the Board for supply to the assessee's industrial consumer unit, and that basis was accepted for valuation. Case-Laws Income Tax Fri, 13 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221097