https://www.taxtmi.com/caselaws?id=351601 The Tribunal allowed the deduction under Section 80IA for the generation of steam power and cooling power, affirming that these forms of power are eligible for the deduction. The Tribunal specified that the quantum of deduction should be calculated using standard conversion rates and state electricity board rates. The disallowance of distribution expenses was upheld, as the assessee conceded the issue due to its minimal financial impact, with a caveat that this concession should not set a precedent for future cases. en-us Fri, 24 Nov 2017 00:00:00 +0530 Sat, 10 Mar 2018 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351601 The Tribunal allowed the deduction under Section 80IA for the generation of steam power and cooling power, affirming that these forms of power are eligible for the deduction. The Tribunal specified that the quantum of deduction should be calculated using standard conversion rates and state electricity board rates. The disallowance of distribution expenses was upheld, as the assessee conceded the issue due to its minimal financial impact, with a caveat that this concession should not set a precedent for future cases. Case-Laws Income Tax Fri, 24 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351601