https://www.taxtmi.com/caselaws?id=467811 For deduction under Section 80-IA, electricity generated by an assessee for captive consumption must be valued at the consumer tariff, being the open market rate a consumer would pay to the distribution company, rather than the lower rate at which surplus power is sold back to that company. The relevant issue is the quantum of profit derived from the eligible business, and the market value adopted must reflect ordinary procurement cost in the course of business. On that basis, the lower captive valuation was rejected and the deduction was to be computed using the consumer rate. en-us Fri, 10 Oct 2025 00:00:00 +0530 Sat, 04 Apr 2026 08:51:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467811 For deduction under Section 80-IA, electricity generated by an assessee for captive consumption must be valued at the consumer tariff, being the open market rate a consumer would pay to the distribution company, rather than the lower rate at which surplus power is sold back to that company. The relevant issue is the quantum of profit derived from the eligible business, and the market value adopted must reflect ordinary procurement cost in the course of business. On that basis, the lower captive valuation was rejected and the deduction was to be computed using the consumer rate. Case-Laws Income Tax Fri, 10 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467811