ITAT Chennai Allowed Section 80-IA Deduction as Consumer Tariff Held Correct Benchmark

India Cements Ltd. Vs DCIT (ITAT Chennai) The Income Tax Appellate Tribunal (ITAT), Chennai, adjudicated an appeal filed by the assessee against the order of the Commissioner of Income Tax (Appeals) dated 25.08.2025 for Assessment Year 2020–21. The appeal primarily involved issues relating to deduction under Section 80-IA and disallowance under Section 14A of the Income Tax Act, 1961. With respect to Section 80-IA, the assessee operated multiple thermal power plants generating electricity for captive consumption in its cement manufacturing units. The assessee computed the market value of ele...