https://www.taxtmi.com/caselaws?id=179743 Deduction under section 80IA(4) was upheld for captive power generation because the market value of electricity was taken as the price the assessee would pay to the Electricity Board as a consumer, consistent with earlier years. The section 14A disallowance relating to exempt dividend and tax-free interest income was sent back for fresh determination on a reasonable basis after examination of accounts and opportunity to the assessee. The treatment of provision for bad and doubtful debts under section 115JB was also restored for reconsideration, including examination of the actual bad debt claim. Withdrawal from revaluation reserve and provision for wealth tax were not added to book profit, and the assessee retained relief on those items. en-us Tue, 15 Feb 2011 00:00:00 +0530 Wed, 09 Mar 2016 11:00:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179743 Deduction under section 80IA(4) was upheld for captive power generation because the market value of electricity was taken as the price the assessee would pay to the Electricity Board as a consumer, consistent with earlier years. The section 14A disallowance relating to exempt dividend and tax-free interest income was sent back for fresh determination on a reasonable basis after examination of accounts and opportunity to the assessee. The treatment of provision for bad and doubtful debts under section 115JB was also restored for reconsideration, including examination of the actual bad debt claim. Withdrawal from revaluation reserve and provision for wealth tax were not added to book profit, and the assessee retained relief on those items. Case-Laws Income Tax Tue, 15 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179743