https://www.taxtmi.com/caselaws?id=369335 The High Court of Madras allowed the appeal in favor of the assessee, holding that components of price for the sale of electricity fixed based on tax liability should be considered part of the transfer price of coal and sale price of electricity when computing relief under Section 80IA/80IB. The court relied on a previous case establishing that the tax component in the sale of electricity should not be excluded for relief under the mentioned sections. The Revenue's legal position was not disputed, resulting in the court answering the substantial question of law in favor of the assessee without awarding costs. en-us Tue, 18 Sep 2018 00:00:00 +0530 Thu, 25 Oct 2018 08:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369335 The High Court of Madras allowed the appeal in favor of the assessee, holding that components of price for the sale of electricity fixed based on tax liability should be considered part of the transfer price of coal and sale price of electricity when computing relief under Section 80IA/80IB. The court relied on a previous case establishing that the tax component in the sale of electricity should not be excluded for relief under the mentioned sections. The Revenue's legal position was not disputed, resulting in the court answering the substantial question of law in favor of the assessee without awarding costs. Case-Laws Income Tax Tue, 18 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369335