https://www.taxtmi.com/caselaws?id=796872 For section 80IA purposes, captive electricity transferred from an eligible unit to a non-eligible unit may be valued at the industrial-consumer tariff charged by the distribution company, as this represents an appropriate comparable uncontrolled price for the specified domestic transaction. Short-term exchange rates are materially dissimilar to continuous captive supply and do not replace this benchmark. Steam is a separately valuable utility with ascertainable production cost and cannot be valued at nil merely as a by-product. Its inter-unit transfer must be valued at production cost. These valuations determine eligible-unit profits and support the corresponding section 80IA deduction. en-us Fri, 03 Jul 2026 00:00:00 +0530 Wed, 12 Aug 2026 08:19:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796872 For section 80IA purposes, captive electricity transferred from an eligible unit to a non-eligible unit may be valued at the industrial-consumer tariff charged by the distribution company, as this represents an appropriate comparable uncontrolled price for the specified domestic transaction. Short-term exchange rates are materially dissimilar to continuous captive supply and do not replace this benchmark. Steam is a separately valuable utility with ascertainable production cost and cannot be valued at nil merely as a by-product. Its inter-unit transfer must be valued at production cost. These valuations determine eligible-unit profits and support the corresponding section 80IA deduction. Case-Laws Income Tax Fri, 03 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796872