https://www.taxtmi.com/caselaws?id=261489 An assessee remains entitled to deduction under Section 80-IA even where electricity generated by its eligible undertaking is wholly consumed by another business of the same assessee, because internal use does not by itself defeat eligibility. However, for Section 80-IA(8), the transferred electricity must be valued at its open market price, namely the rate a generating company could ordinarily fetch, and not at the consumer tariff charged to the assessee's manufacturing unit. The deduction is therefore admissible in principle, but the quantum must be recomputed on the correct market value basis and the matter remitted for fresh computation. en-us Mon, 01 Jun 2015 00:00:00 +0530 Wed, 22 Apr 2026 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261489 An assessee remains entitled to deduction under Section 80-IA even where electricity generated by its eligible undertaking is wholly consumed by another business of the same assessee, because internal use does not by itself defeat eligibility. However, for Section 80-IA(8), the transferred electricity must be valued at its open market price, namely the rate a generating company could ordinarily fetch, and not at the consumer tariff charged to the assessee's manufacturing unit. The deduction is therefore admissible in principle, but the quantum must be recomputed on the correct market value basis and the matter remitted for fresh computation. Case-Laws Income Tax Mon, 01 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261489