https://www.taxtmi.com/caselaws?id=774541 For captive power transfers between eligible and non-eligible units, the Calcutta HC treated the consuming unit's landed cost of electricity purchased from State Electricity Boards as the proper benchmark under section 80IA(8), accepting the Internal CUP method because reliable internal purchase data and product comparability were available. The Court also held that earlier pre-Electricity Act, 2003 precedents were distinguishable in the later regulatory regime, and that market value should be linked to the rate charged by the State Electricity Board to industrial consumers rather than a supplier-side or distribution-side rate. en-us Wed, 09 Jul 2025 00:00:00 +0530 Mon, 21 Jul 2025 17:35:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774541 For captive power transfers between eligible and non-eligible units, the Calcutta HC treated the consuming unit's landed cost of electricity purchased from State Electricity Boards as the proper benchmark under section 80IA(8), accepting the Internal CUP method because reliable internal purchase data and product comparability were available. The Court also held that earlier pre-Electricity Act, 2003 precedents were distinguishable in the later regulatory regime, and that market value should be linked to the rate charged by the State Electricity Board to industrial consumers rather than a supplier-side or distribution-side rate. Case-Laws Income Tax Wed, 09 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774541