https://www.taxtmi.com/caselaws?id=766219 HC allowed assessee's appeal in part, holding that market value of electricity for computing deduction under section 80-IA must be the rate charged by the State Electricity Board to industrial consumers. Relying on the SC precedent in Jindal Steel & Power, the court found the AO erred in rejecting the assessee's method and in disallowing captive-consumption deduction by comparing supplier rates rather than consumer-market rates. Tribunal's computation, which used the SEB consumer tariff as market value, was upheld. Decision against revenue. en-us Wed, 05 Feb 2025 00:00:00 +0530 Sat, 15 Nov 2025 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766219 HC allowed assessee's appeal in part, holding that market value of electricity for computing deduction under section 80-IA must be the rate charged by the State Electricity Board to industrial consumers. Relying on the SC precedent in Jindal Steel & Power, the court found the AO erred in rejecting the assessee's method and in disallowing captive-consumption deduction by comparing supplier rates rather than consumer-market rates. Tribunal's computation, which used the SEB consumer tariff as market value, was upheld. Decision against revenue. Case-Laws Income Tax Wed, 05 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766219