https://www.taxtmi.com/caselaws?id=777804 ITAT AHMEDABAD upheld allowance of depreciation on goodwill previously settled in favour of the assessee and approved by the HC for earlier assessment years. It held that deduction under s.80IA(4) for infrastructure undertakings is allowable for captive power generation, to be computed using the electricity board's supply rates, and that steam produced by the assessee qualifies as "power" for s.80IA(4) purposes. Revenue's appeal was dismissed. en-us Wed, 03 Sep 2025 00:00:00 +0530 Fri, 05 Sep 2025 08:10:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777804 ITAT AHMEDABAD upheld allowance of depreciation on goodwill previously settled in favour of the assessee and approved by the HC for earlier assessment years. It held that deduction under s.80IA(4) for infrastructure undertakings is allowable for captive power generation, to be computed using the electricity board's supply rates, and that steam produced by the assessee qualifies as "power" for s.80IA(4) purposes. Revenue's appeal was dismissed. Case-Laws Income Tax Wed, 03 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777804