https://www.taxtmi.com/caselaws?id=797676 Section 80-IA(8) requires inter-unit transfers to be examined at market value when computing profits of an eligible cogeneration undertaking. Low-pressure steam extracted and supplied to a paper division remains a commercially useful, measurable output of the integrated process, carrying common fuel, boiler, labour, maintenance, depreciation and related costs despite requiring no additional fuel after extraction. Assigning nil cost to that steam and charging all common costs solely to electricity revenue is impermissible without determining an alternative market value or identifying defects in the recorded value. Where verified records support the disclosed allocation, the eligible undertaking's reported profit and resulting section 80-IA deduction are to be accepted. en-us Fri, 14 Aug 2026 00:00:00 +0530 Wed, 26 Aug 2026 08:27:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797676 Section 80-IA(8) requires inter-unit transfers to be examined at market value when computing profits of an eligible cogeneration undertaking. Low-pressure steam extracted and supplied to a paper division remains a commercially useful, measurable output of the integrated process, carrying common fuel, boiler, labour, maintenance, depreciation and related costs despite requiring no additional fuel after extraction. Assigning nil cost to that steam and charging all common costs solely to electricity revenue is impermissible without determining an alternative market value or identifying defects in the recorded value. Where verified records support the disclosed allocation, the eligible undertaking's reported profit and resulting section 80-IA deduction are to be accepted. Case-Laws Income Tax Fri, 14 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797676