https://www.taxtmi.com/caselaws?id=302171 The High Court upheld the eligibility for deduction under Section 80-I-A of the Income Tax Act for income derived from captive power plants and internal power consumption. The Court emphasized compliance with statutory requirements and remitted the matter back to the Tribunal for further consideration based on the detailed analysis and precedents cited. The appellant did not pursue the issue of disallowance of specific expenses, and the Court's decision focused on the entitlement to deduction and determination of power prices for inter unit transfer/self-consumption. en-us Wed, 31 Jul 2019 00:00:00 +0530 Sat, 07 May 2022 20:38:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302171 The High Court upheld the eligibility for deduction under Section 80-I-A of the Income Tax Act for income derived from captive power plants and internal power consumption. The Court emphasized compliance with statutory requirements and remitted the matter back to the Tribunal for further consideration based on the detailed analysis and precedents cited. The appellant did not pursue the issue of disallowance of specific expenses, and the Court's decision focused on the entitlement to deduction and determination of power prices for inter unit transfer/self-consumption. Case-Laws Income Tax Wed, 31 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302171