https://www.taxtmi.com/caselaws?id=313037 The HC dismissed the appeal, affirming the ITAT's decision. The ITAT correctly deleted the disallowance of deduction under Section 80IA(8) of the Income Tax Act, 1961, by computing the market value of electricity based on the State Electricity Board's rates. Additionally, the ITAT's directive to deduct the sale proceeds of reject coal and iron ore fine dust from the cost of raw materials was upheld. The appeal was dismissed as no substantial question of law was identified, and the ITAT's order was deemed appropriate, leaving no grounds for interference. en-us Fri, 19 Jan 2024 00:00:00 +0530 Wed, 20 Mar 2024 13:57:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313037 The HC dismissed the appeal, affirming the ITAT's decision. The ITAT correctly deleted the disallowance of deduction under Section 80IA(8) of the Income Tax Act, 1961, by computing the market value of electricity based on the State Electricity Board's rates. Additionally, the ITAT's directive to deduct the sale proceeds of reject coal and iron ore fine dust from the cost of raw materials was upheld. The appeal was dismissed as no substantial question of law was identified, and the ITAT's order was deemed appropriate, leaving no grounds for interference. Case-Laws Income Tax Fri, 19 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313037