https://www.taxtmi.com/caselaws?id=794231 For deduction under section 80IA, the value of electricity transferred from a windmill unit to a captive spinning division is to be benchmarked at the market value of power, i.e., the tariff at which the State Electricity Board supplies electricity to industrial consumers in the open market, rather than the rate at which it purchases power from generators. On the facts, the transfer price was below that consumer tariff, so the transfer pricing adjustment and related restriction of deduction were held unjustified on this issue. By contrast, belated remittance of employee provident fund contribution remained disallowable under the settled law governing such contributions, and relief was not available on that component. en-us Mon, 27 Apr 2026 00:00:00 +0530 Thu, 02 Jul 2026 08:07:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794231 For deduction under section 80IA, the value of electricity transferred from a windmill unit to a captive spinning division is to be benchmarked at the market value of power, i.e., the tariff at which the State Electricity Board supplies electricity to industrial consumers in the open market, rather than the rate at which it purchases power from generators. On the facts, the transfer price was below that consumer tariff, so the transfer pricing adjustment and related restriction of deduction were held unjustified on this issue. By contrast, belated remittance of employee provident fund contribution remained disallowable under the settled law governing such contributions, and relief was not available on that component. Case-Laws Income Tax Mon, 27 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794231