section 80 deductions
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Calcutta High Court holds supply of power by captive power plants to manufacturing units should be valued at the rate charged by state electricity boards to industrial consumers for computing Section 80-IA deduction, rejecting revenue’s challenge and reaffirming “market value under Section 80-IA means open market rate to consumer”

Court’s Decision The Calcutta High Court dismissed revenue’s appeals challenging the Income Tax Appellate Tribunal’s order upholding Rungta Mines’ method of benchmarking power transfer rates from captive power plants (CPPs)…
July 11, 2025