https://www.taxtmi.com/caselaws?id=337433 The High Court upheld the decision allowing deduction under section 80-IA(4) for power generation for captive consumption, dismissing the revenue's appeal. It also ruled in favor of the assessee regarding the claim of deduction based on power generation rates and the adjustment disallowance under section 14A in the computation of book profit under section 115JB. The court held that the ITAT should have followed its previous decision, ultimately favoring the assessee and dismissing the revenue's appeal. en-us Wed, 20 Jul 2016 00:00:00 +0530 Mon, 09 Jan 2017 08:27:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337433 The High Court upheld the decision allowing deduction under section 80-IA(4) for power generation for captive consumption, dismissing the revenue's appeal. It also ruled in favor of the assessee regarding the claim of deduction based on power generation rates and the adjustment disallowance under section 14A in the computation of book profit under section 115JB. The court held that the ITAT should have followed its previous decision, ultimately favoring the assessee and dismissing the revenue's appeal. Case-Laws Income Tax Wed, 20 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337433