https://www.taxtmi.com/caselaws?id=462777 The ITAT Delhi upheld the CIT(A)'s decision allowing deduction u/s 80IA for a power undertaking. The AO's objection that an assessee cannot earn profit from itself was rejected, citing SC and HC precedents. The tribunal found the CIT(A) correctly dismissed the AO's trading account computation and accepted the assessee's efficiency calculations at 85-86% without further 15% reduction. The power rate computation at Rs. 4.50 per unit (matching UPSEB rates) was deemed appropriate over the AO's reduced rate of Rs. 3 per unit. Required project documentation was adequately furnished by the assessee. en-us Fri, 20 Nov 2015 00:00:00 +0530 Tue, 15 Jul 2025 19:09:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462777 The ITAT Delhi upheld the CIT(A)'s decision allowing deduction u/s 80IA for a power undertaking. The AO's objection that an assessee cannot earn profit from itself was rejected, citing SC and HC precedents. The tribunal found the CIT(A) correctly dismissed the AO's trading account computation and accepted the assessee's efficiency calculations at 85-86% without further 15% reduction. The power rate computation at Rs. 4.50 per unit (matching UPSEB rates) was deemed appropriate over the AO's reduced rate of Rs. 3 per unit. Required project documentation was adequately furnished by the assessee. Case-Laws Income Tax Fri, 20 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462777