https://www.taxtmi.com/caselaws?id=789510 The Delhi HC discussed four income-tax issues arising from a power utility dispute: derecognition of income for consumer share of over-achievement or efficiency gain, addition under section 43B for the unpayable portion of energy tax, interest on consumer security deposits, and depreciation on UPS with deduction under section 80IA. It applied earlier precedent to uphold deletion of the disallowance on efficiency gain, held the section 43B addition unsustainable because the tax liability arose only on actual collection, treated interest on consumer security deposits as a statutory and contractual obligation rather than a contingent liability, and accepted UPS as part of the computer system for depreciation purposes while following prior authority on section 80IA. en-us Thu, 02 Apr 2026 00:00:00 +0530 Thu, 09 Apr 2026 08:09:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789510 The Delhi HC discussed four income-tax issues arising from a power utility dispute: derecognition of income for consumer share of over-achievement or efficiency gain, addition under section 43B for the unpayable portion of energy tax, interest on consumer security deposits, and depreciation on UPS with deduction under section 80IA. It applied earlier precedent to uphold deletion of the disallowance on efficiency gain, held the section 43B addition unsustainable because the tax liability arose only on actual collection, treated interest on consumer security deposits as a statutory and contractual obligation rather than a contingent liability, and accepted UPS as part of the computer system for depreciation purposes while following prior authority on section 80IA. Case-Laws Income Tax Thu, 02 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789510