Home › Tax Laws › CIT (LTU) v. Reliance Industries Ltd. (2019) 104 CCH 0730 / (2020) 421 ITR 686 (Bom) (HC) Editorial: SLP is granted to the revenue CIT v. Reliance Industries Ltd. [2019] 418 ITR 13 (st) (SC)

CIT (LTU) v. Reliance Industries Ltd. (2019) 104 CCH 0730 / (2020) 421 ITR 686 (Bom) (HC) Editorial: SLP is granted to the revenue CIT v. Reliance Industries Ltd. [2019] 418 ITR 13 (st) (SC)

S. 80IA :Industrial undertakings – Generation of Power- Captive Consumption — Valuation of profits to be taken at rate distribution companies allowed to supply electricity to consumers.

Dismissing the appeal of the revenue the Court held that  ,the appropriate rate for valuation of the electricity supplied captively would be the rate at which the electricity distribution companies were allowed to supply electricity to consumers. Followed  CIT v. Godawari Power and Ispat Ltd. [2014] 42 taxmann.com 551 (Chhattisgarh) (HC) , PCIT v. Gujarat Alkalies and Chemicals Ltd. [2017] 395 ITR 247 (Guj)  (HC)