Deduction u/s 80IA - quantum of profits and gains of the ...

Calculate Profits for Section 80IA Using Market Power Rates, Not Assessee's Sale Rate to State Electricity Board.

December 9, 2023

Case Laws Income Tax SC

Deduction u/s 80IA - quantum of profits and gains of the eligible business - Scope of expression “market value” - The market value of the power supplied by the assessee to its industrial units should be computed by considering the rate at which the State Electricity Board supplied power to the consumers in the open market and not comparing it with the rate of power when sold to a supplier i.e., sold by the assessee to the State Electricity Board as this was not the rate at which an industrial consumer could have purchased power in the open market. - SC

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Deduction u/s 80IA - quantum of profits and gains of the ...

Calculate Profits for Section 80IA Using Market Power Rates, Not Assessee's Sale Rate to State Electricity Board.

December 9, 2023

Case Laws Income Tax SC

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