[BREAKING] Relief to Jindal Steel: Supreme Court dismisses Revenue Appeal, upholds computation of Market Value of Electricity for Deduction u/s 80IA [Read Judgement]

Supreme Court upholds computation of Market Value of Electricity for Deduction u/s 80IA in relief to Jindal Steel & Power
Relief to Jindal Steel - Supreme Court dismisses Revenue Appeal - upholds computation of Market Value of Electricity for Deduction - TAXSCAN

In a major relief to Jindal Steel and Power, the Supreme Court has upheld the computation of market value of electricity for deduction under Section 80IA of the Income Tax Act, 1961. The issue at hand, common to several civil appeals, was addressed primarily through the lead case. While the pricing per unit of electricity…

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