https://www.taxtmi.com/caselaws?id=177404 The Tribunal allowed the assessee's appeals, granting deduction under section 80-IA for power generated from TG-3 Boiler 4 and TG-4 Boiler 5 units used for captive consumption. The Tribunal held that captive consumption of power generated by the assessee's own plants qualifies for the deduction, despite their location within the main premises, in line with relevant High Court decisions. The Tribunal also ruled that notional depreciation of earlier years should not be considered for set off before computing the eligible deduction under section 80-IA. en-us Fri, 13 May 2011 00:00:00 +0530 Fri, 08 Jan 2016 15:31:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177404 The Tribunal allowed the assessee's appeals, granting deduction under section 80-IA for power generated from TG-3 Boiler 4 and TG-4 Boiler 5 units used for captive consumption. The Tribunal held that captive consumption of power generated by the assessee's own plants qualifies for the deduction, despite their location within the main premises, in line with relevant High Court decisions. The Tribunal also ruled that notional depreciation of earlier years should not be considered for set off before computing the eligible deduction under section 80-IA. Case-Laws Income Tax Fri, 13 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177404