https://www.taxtmi.com/caselaws?id=797149 Profits from captive consumption of wind-generated electricity qualify for deduction under Section 80IA. Eligible profits must be computed using the rate at which the Electricity Board supplies electricity to consumers, rather than the lower rate at which generating companies supply electricity to the Board. Expenditure cannot be disallowed merely because payment recipients could not be produced more than two years later or because payments increased over earlier years. Further, payments below the tax-deduction-at-source threshold do not attract disallowance for non-deduction of tax. The claimed captive-power deduction and deletion of the expenditure disallowance follow. en-us Fri, 07 Aug 2026 00:00:00 +0530 Tue, 18 Aug 2026 08:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797149 Profits from captive consumption of wind-generated electricity qualify for deduction under Section 80IA. Eligible profits must be computed using the rate at which the Electricity Board supplies electricity to consumers, rather than the lower rate at which generating companies supply electricity to the Board. Expenditure cannot be disallowed merely because payment recipients could not be produced more than two years later or because payments increased over earlier years. Further, payments below the tax-deduction-at-source threshold do not attract disallowance for non-deduction of tax. The claimed captive-power deduction and deletion of the expenditure disallowance follow. Case-Laws Income Tax Fri, 07 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797149