https://www.taxtmi.com/caselaws?id=310588 ITAT Mumbai dismissed Revenue's appeal regarding deduction under section 80IA for electricity supply to captive units. The assessee adopted State Electricity Board rates as market price for power supplied to its own units. CIT(A) allowed the deduction following previous Tribunal decisions in assessee's favor for AY 2006-07 to 2009-10. Revenue failed to demonstrate any change in facts or law from earlier years. Tribunal upheld CIT(A)'s decision allowing market rate adoption based on SEB selling rates rather than Power Distribution Agency rates. en-us Tue, 29 Nov 2022 00:00:00 +0530 Wed, 01 Nov 2023 21:07:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310588 ITAT Mumbai dismissed Revenue's appeal regarding deduction under section 80IA for electricity supply to captive units. The assessee adopted State Electricity Board rates as market price for power supplied to its own units. CIT(A) allowed the deduction following previous Tribunal decisions in assessee's favor for AY 2006-07 to 2009-10. Revenue failed to demonstrate any change in facts or law from earlier years. Tribunal upheld CIT(A)'s decision allowing market rate adoption based on SEB selling rates rather than Power Distribution Agency rates. Case-Laws Income Tax Tue, 29 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310588