https://www.taxtmi.com/caselaws?id=401286 The Court upheld the Assessee's eligibility for deduction under Section 80IA for captive power consumption, allowing the claim based on precedents emphasizing that profit derived from own power consumption falls within the ambit of the provision. The Tribunal's decision was supported by High Court judgments, clarifying that the source of profit or gain is not restricted to sales to outsiders. The Assessee's entitlement to claim deduction for power charges from Sister or Group Companies, even within the same premises, was affirmed, leading to the dismissal of the Revenue's appeal for lacking legal merit. en-us Thu, 19 Nov 2020 00:00:00 +0530 Thu, 03 Dec 2020 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401286 The Court upheld the Assessee's eligibility for deduction under Section 80IA for captive power consumption, allowing the claim based on precedents emphasizing that profit derived from own power consumption falls within the ambit of the provision. The Tribunal's decision was supported by High Court judgments, clarifying that the source of profit or gain is not restricted to sales to outsiders. The Assessee's entitlement to claim deduction for power charges from Sister or Group Companies, even within the same premises, was affirmed, leading to the dismissal of the Revenue's appeal for lacking legal merit. Case-Laws Income Tax Thu, 19 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401286