https://www.taxtmi.com/caselaws?id=779512 HC upheld the Tribunal's allowance of deduction under s.80IA(4) for generation of power for captive consumption, endorsing calculation of deduction using the market rate of electricity (benchmarked to state board/open market rates) in line with the SC's precedent. HC also sustained the Tribunal's partial disallowance of interest under s.14A read with s.36(1)(iii) (Rs.91.80 lakh) where assessee's own funds exceeded the investment and borrowed funds were not shown to fund dividend-earning investments. The Tribunal's acceptance of a Rs.5 lakh compromise on other administrative expenses was likewise upheld. en-us Wed, 17 Sep 2025 00:00:00 +0530 Tue, 07 Oct 2025 08:30:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779512 HC upheld the Tribunal's allowance of deduction under s.80IA(4) for generation of power for captive consumption, endorsing calculation of deduction using the market rate of electricity (benchmarked to state board/open market rates) in line with the SC's precedent. HC also sustained the Tribunal's partial disallowance of interest under s.14A read with s.36(1)(iii) (Rs.91.80 lakh) where assessee's own funds exceeded the investment and borrowed funds were not shown to fund dividend-earning investments. The Tribunal's acceptance of a Rs.5 lakh compromise on other administrative expenses was likewise upheld. Case-Laws Income Tax Wed, 17 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779512