CIT v. Jindal Steel and Power Ltd. [2009] 180 Taxman 543/ (2024)460 ITR 159 (P&H)(HC)

S.80IA: Industrial undertakings-Enterprises engaged in infrastructure development-Eligible profits-Captive power plant-Rate at which power supplied to own unit-Market value of supply power to State Electricity Board.

Held also, that the Tribunal was correct in deleting the disallowance made by the Assessing Officer pertaining to the exaggerated profit of the captive power generating unit by claiming a higher rate than the cost price or the market price charged by it on the supply of power made by it to a third party, i. e., State Electricity Board.(AY.2000-01)