Tribunal held that purchase price of electricity in the open market paid to the State Electricity Board by the manufacturing units in uncontrolled conditions is to be considered for determination of captive consumption. Order of CIT (A) is affirmed. (AY. 2016-17)
DCIT v. Balarampur Chini Mills Ltd. (2021) 211 TTJ 729 / 203 DTR 60 (Kol.)(Trib.)
S. 80IA : Industrial undertakings-Market value of power sold-Captive consumption-Purchase price of electricity in the open market paid to the State Electricity Board by the manufacturing units in uncontrolled conditions is to be considered for determination of captive consumption. [S. 80IA(4) (iv), 80IA(8), 92F (ii)]