given for generation of steam power which is used for captive
consumption. Further, the Mumbai Bench of the ITAT in the case of
West Coast ... power, the ITAT has held that generation of power for captive
consumption makes the assessee entitled to claim a deduction under
Section
consider that the case of the Appellant was one of "captive
consumption", which is permissible, and recognized within Section 80IA
itself ... tune of Rs.71,69,109 on account of captive consumption of
plant at Ankeleshwar, Gujarat. The AO further observed that in the profit
given for generation of steam power which is used for captive
consumption. Further, the Mumbai Bench of the ITAT in the case of
West Coast ... power, the ITAT has held that generation of power for captive
consumption makes the assessee entitled to claim a deduction under
Section
Automatic
3.2
Coal and Lignite
(a) Coal & Lignite mining for captive consumption by power projects, iron & steel and cement units and other eligible
molasses, after utilization for its
Signature Not Verified
Digitally signed by
captive consumption, for supply to the distilleries
BALA PARVATHI
Date ... event of its requirement for further quantity of
molasses for its captive consumption during the said Molasses
Year. The appellants repudiate this determination
further submitted that the section itself envisages situation of captive
consumption. Reliance was placed on the decision reported ... himself, The Supreme Court negative this
argument and held that despite captive consumption of iron ore certain
profits can be regarded as having derived from
Standing Counsel, when the assessee used
the power generator for captive consumption, deduction under
Section 80-IA of the Act cannot be allowed. Therefore, according ... assessee is eligible for deduction when the power generated used
for captive consumption. The Mumbai Bench of this Tribunal has
also taken a similar view
material produced in the plant was used for
captive consumption. Before the Tribunal, it was contended by the revenue that the language used in
section ... ground that the DG set manufactured the power only for the captive consumption of the assessee. It
may be stated that the Tribunal
dated 17.03.2017 and to
order switch over to captive consumption.
For Petitioner
in W.P.No.5196/19 : Mr.T.Chezhiyan
For Petitioner ... Purchase
Agreement (EPA) dated 17.03.2017 and to order switch over to captive
consumption.
2. W.P.No.11725 of 2019 has been filed
market rate" of electricity generated by the assessee for
its captive consumption. As per the agreement, the assessee is bound not to self ... Mads) 2005 in respect of power generating plants
used for captive consumption and also there is no income in respect of COGEN
