Author: vakalattimes.com

The Supreme Court affirms the High Court’s ruling, stating that the State Electricity Board’s rate for industrial consumers should be considered the market value when calculating profits from the transfer of power to units ineligible for deduction under section 80-IA of the Act.

Supreme Court in recent ruling in CIT v. M/s. Jindal Steel and Power Limited [Civil Appeal No. 13771 of 2015] 

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