https://www.taxtmi.com/caselaws?id=463816 ITAT allowed the appeal of the assessee and deleted additions for alleged excess coal consumption for units II and III, holding coal purchases substantiated and books reliable. The tribunal affirmed that the CIT(A) cannot introduce a new income head and accepted the assessee's alternate coal-consumption averaging, removing enhancements. Deduction under s.80-IA was upheld as audit report and accounts were filed and steam qualifies as power for s.80-IA(4); AO's cost reallocation for co-generation was set aside. Disallowance under s.14A was deleted since reserves exceeded investments and dividend-bearing investments were taxed when received. en-us Mon, 05 Jul 2021 00:00:00 +0530 Wed, 17 Sep 2025 19:11:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463816 ITAT allowed the appeal of the assessee and deleted additions for alleged excess coal consumption for units II and III, holding coal purchases substantiated and books reliable. The tribunal affirmed that the CIT(A) cannot introduce a new income head and accepted the assessee's alternate coal-consumption averaging, removing enhancements. Deduction under s.80-IA was upheld as audit report and accounts were filed and steam qualifies as power for s.80-IA(4); AO's cost reallocation for co-generation was set aside. Disallowance under s.14A was deleted since reserves exceeded investments and dividend-bearing investments were taxed when received. Case-Laws Income Tax Mon, 05 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463816