https://www.taxtmi.com/caselaws?id=470230 Section 80-IA(4) is described as covering electricity generated by captive power plants and consumed by the taxpayer's own industrial units. For computing the deduction, the stated market value is the tariff payable by industrial consumers in the open market, rather than the regulated price at which an electricity board purchases surplus power from a generator. Replacement of membrane cells is characterised as revenue expenditure where the cells are not independent assets, the replacement creates no new asset or enduring advantage, and there are no changed facts, circumstances, or legal position to justify departure from consistently accepted treatment. en-us Wed, 17 Sep 2025 00:00:00 +0530 Mon, 20 Jul 2026 20:32:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470230 Section 80-IA(4) is described as covering electricity generated by captive power plants and consumed by the taxpayer's own industrial units. For computing the deduction, the stated market value is the tariff payable by industrial consumers in the open market, rather than the regulated price at which an electricity board purchases surplus power from a generator. Replacement of membrane cells is characterised as revenue expenditure where the cells are not independent assets, the replacement creates no new asset or enduring advantage, and there are no changed facts, circumstances, or legal position to justify departure from consistently accepted treatment. Case-Laws Income Tax Wed, 17 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470230