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)
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.