https://www.taxtmi.com/caselaws?id=186486 The Tribunal dismissed the Revenue's appeal and upheld the CIT (A)'s decisions on all grounds. It affirmed that steam qualifies as power for deduction under section 80IA, rejected the Revenue's challenge regarding the computation of deduction from UPSEB receipts, upheld the inclusion of steam sale proceeds for deduction, and supported the disallowance of depreciation not claimed by the assessee. The Tribunal emphasized the consistent application of legal principles and precedents in reaching its decision. en-us Wed, 21 Nov 2007 00:00:00 +0530 Tue, 20 Sep 2016 12:40:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186486 The Tribunal dismissed the Revenue's appeal and upheld the CIT (A)'s decisions on all grounds. It affirmed that steam qualifies as power for deduction under section 80IA, rejected the Revenue's challenge regarding the computation of deduction from UPSEB receipts, upheld the inclusion of steam sale proceeds for deduction, and supported the disallowance of depreciation not claimed by the assessee. The Tribunal emphasized the consistent application of legal principles and precedents in reaching its decision. Case-Laws Income Tax Wed, 21 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186486