https://www.taxtmi.com/caselaws?id=194720 The HC held that for deduction under Section 80IA(4), when power generated for captive consumption is transferred within the assessee's businesses, the transfer consideration must reflect market value, not the actual purchase price from GEB. Following precedent, electricity is treated as goods or services under Section 80IA(8), requiring substitution of market value for allowable deduction. The Tribunal's adoption of Rs. 5.40 per unit as market value was upheld. The decision was against the revenue. en-us Mon, 03 Oct 2016 00:00:00 +0530 Wed, 23 Jul 2025 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194720 The HC held that for deduction under Section 80IA(4), when power generated for captive consumption is transferred within the assessee's businesses, the transfer consideration must reflect market value, not the actual purchase price from GEB. Following precedent, electricity is treated as goods or services under Section 80IA(8), requiring substitution of market value for allowable deduction. The Tribunal's adoption of Rs. 5.40 per unit as market value was upheld. The decision was against the revenue. Case-Laws Income Tax Mon, 03 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194720