https://www.taxtmi.com/caselaws?id=448996 ITAT Raipur allowed the assessee's claim for deduction under Section 80IA(4)(iv)(a). The AO had invoked Section 80IA(8) and scaled down the deduction by adopting CSEB's domestic purchase price as market rate, noting the assessee sold power to its steel division at Rs. 4.30 per unit versus lower contracted price to CSEB. CIT(A) vacated the disallowance. ITAT upheld this decision, following its earlier orders in the assessee's cases for AY 2008-09, 2013-14, and 2014-15, and Chhattisgarh HC's judgment in Godawari Power case, ruling that market value should be computed considering open market rates charged by electricity board. en-us Tue, 30 Jan 2024 00:00:00 +0530 Fri, 02 Feb 2024 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448996 ITAT Raipur allowed the assessee's claim for deduction under Section 80IA(4)(iv)(a). The AO had invoked Section 80IA(8) and scaled down the deduction by adopting CSEB's domestic purchase price as market rate, noting the assessee sold power to its steel division at Rs. 4.30 per unit versus lower contracted price to CSEB. CIT(A) vacated the disallowance. ITAT upheld this decision, following its earlier orders in the assessee's cases for AY 2008-09, 2013-14, and 2014-15, and Chhattisgarh HC's judgment in Godawari Power case, ruling that market value should be computed considering open market rates charged by electricity board. Case-Laws Income Tax Tue, 30 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448996