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Captive Power Market Value, Section 80-IA, Must Follow SEB’s Consumer Tariff
Case Law Details
- Case Name
- JCIT Vs Premier Mills Pvt. Ltd. (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Chennai
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JCIT Vs Premier Mills Pvt. Ltd. (ITAT Chennai)
Market Value for 80-IA Captive Power Must Be SEB’s Consumer Tariff—Jindal Steel Applies Even After Amendment; ALP Cannot Replace Market Price
The Revenue filed appeals for AYs 2017-18 & 2018-19 against the CIT(A)’s orders allowing Premier Mills’ claim of deduction u/s 80-IA for its captive wind energy unit, following the Supreme Court ruling in Jindal Steel & Power Ltd. The dispute concerned the transfer price of electricity supplied by the Assessee’s windmill to its textile division. The Assessee adopted TANGEDC...
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