https://www.taxtmi.com/caselaws?id=177932 For section 80-IA(8), captive electricity transfers between the eligible windmill business and the manufacturing unit had to be valued at market value. In a regulated tariff environment, the sale price to the Electricity Board was not treated as true market value because it was not fixed by competitive pricing. The price charged by the Board for supply to the assessee's industrial unit was the relevant industrial consumer rate and therefore the appropriate market value for the captive transfer. en-us Wed, 30 Nov 2011 00:00:00 +0530 Thu, 07 Sep 2017 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177932 For section 80-IA(8), captive electricity transfers between the eligible windmill business and the manufacturing unit had to be valued at market value. In a regulated tariff environment, the sale price to the Electricity Board was not treated as true market value because it was not fixed by competitive pricing. The price charged by the Board for supply to the assessee's industrial unit was the relevant industrial consumer rate and therefore the appropriate market value for the captive transfer. Case-Laws Income Tax Wed, 30 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177932