{"id":62782,"date":"2026-07-30T10:22:51","date_gmt":"2026-07-30T04:52:51","guid":{"rendered":"https:\/\/itatonline.org\/digest\/asst-cit-v-tamil-nadu-newsprint-and-papers-ltd-2025-129-itr-138chennai-trib\/"},"modified":"2026-07-30T10:22:51","modified_gmt":"2026-07-30T04:52:51","slug":"asst-cit-v-tamil-nadu-newsprint-and-papers-ltd-2025-129-itr-138chennai-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/asst-cit-v-tamil-nadu-newsprint-and-papers-ltd-2025-129-itr-138chennai-trib\/","title":{"rendered":"Asst. CIT v. Tamil Nadu Newsprint and Papers Ltd. (2025) 129 ITR 138(Chennai) (Trib.)"},"content":{"rendered":"<p>The assessee claimed deduction under section 80-IA in respect of electricity generated and consumed captively by adopting the rate charged by the electricity distribution company to consumers. The Transfer Pricing Officer substituted the rate at which the assessee supplied surplus power to the distribution company. The Tribunal held that for determining the market value of electricity under section 80-IA, the appropriate benchmark is the tariff at which the electricity distribution company supplies power to consumers and not the purchase price paid by the distribution company to generating companies. Accordingly, the deletion of the transfer pricing adjustment was upheld. (AY. 2016-17).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.80IA: Industrial undertakings-Enterprises engaged in infrastructure development-Captive power generation-Market value of electricity-Rate charged by distribution company to consumers to be adopted for computing deduction.[S.80IA(8)] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-62782","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gkC","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=62782"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62782\/revisions"}],"predecessor-version":[{"id":62783,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62782\/revisions\/62783"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=62782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=62782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=62782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}