https://www.taxtmi.com/caselaws?id=449732 ITAT Mumbai allowed the assessee's claim for deduction u/s 80IA on profits from electricity generation, including notional income from steam savings in LSHS through captive power plant operations. The tribunal recognized steam generation as a separate industrial undertaking, following Bombay HC precedent. For deduction u/s 80IB, marketing margin inclusion was permitted based on coordinate bench decisions. Construction expenses for retail outlets were treated as revenue expenditure for maintenance purposes, not capital asset creation. Revenue's appeals were dismissed on all grounds. en-us Wed, 07 Feb 2024 00:00:00 +0530 Mon, 19 Feb 2024 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449732 ITAT Mumbai allowed the assessee's claim for deduction u/s 80IA on profits from electricity generation, including notional income from steam savings in LSHS through captive power plant operations. The tribunal recognized steam generation as a separate industrial undertaking, following Bombay HC precedent. For deduction u/s 80IB, marketing margin inclusion was permitted based on coordinate bench decisions. Construction expenses for retail outlets were treated as revenue expenditure for maintenance purposes, not capital asset creation. Revenue's appeals were dismissed on all grounds. Case-Laws Income Tax Wed, 07 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449732