https://www.taxtmi.com/highlights?id=84987 The HC held that profits derived from captive consumption of electricity generated by the assessee's power generation unit, being an eligible business, would qualify for deduction u/s 80-IA of the Income Tax Act, 1961. The interpretation of the term 'derived' in light of the Tribunal's finding rendered the assessee's power generation unit eligible for deduction as a separate undertaking u/s 80-IA. en-us Sat, 18 Jan 2025 08:47:30 +0530 Sat, 18 Jan 2025 08:47:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=84987 The HC held that profits derived from captive consumption of electricity generated by the assessee's power generation unit, being an eligible business, would qualify for deduction u/s 80-IA of the Income Tax Act, 1961. The interpretation of the term 'derived' in light of the Tribunal's finding rendered the assessee's power generation unit eligible for deduction as a separate undertaking u/s 80-IA. Highlights Income Tax Sat, 18 Jan 2025 08:47:30 +0530 https://www.taxtmi.com/highlights?id=84987