https://www.taxtmi.com/caselaws?id=794982 Captive electricity transferred to manufacturing units for deduction purposes is valued by reference to the rate charged by State Electricity Boards to industrial consumers, as that reflects the available open-market and arm's length price rather than the distinct rate charged by generators to electricity boards. Steam transferred within an integrated generation process should not be assigned nil value. Common head-office expenses may be attributed to eligible units only where they have a direct and proximate nexus; turnover is not an appropriate allocation basis, and specified expenses may instead be apportioned reasonably on manpower. Under the Other Method, a genuine independent third-party quotation can establish the arm's length price of treated-water services without requiring multiple quotations. en-us Wed, 03 Jun 2026 00:00:00 +0530 Wed, 15 Jul 2026 08:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794982 Captive electricity transferred to manufacturing units for deduction purposes is valued by reference to the rate charged by State Electricity Boards to industrial consumers, as that reflects the available open-market and arm's length price rather than the distinct rate charged by generators to electricity boards. Steam transferred within an integrated generation process should not be assigned nil value. Common head-office expenses may be attributed to eligible units only where they have a direct and proximate nexus; turnover is not an appropriate allocation basis, and specified expenses may instead be apportioned reasonably on manpower. Under the Other Method, a genuine independent third-party quotation can establish the arm's length price of treated-water services without requiring multiple quotations. Case-Laws Income Tax Wed, 03 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794982