Bench: Shri S.S.Godara, Jm & Dr. A. L. Saini, Am I.T.A Nos. 125 To 127/Ran/2015 Assessment Years: 2008-09 To 2010-11 M/S. Aditya Birla Chemicals India Vs. Acit, Circle – 1, Ltd. (Formerly Known As Bihar Ranchi Caustic & Chemicals Ltd.) Rehla, Palamau – 822124. Pan/Gir No. : Aaacb 7747 A (Appellant) .. (Respondent)
80I of Income Tax Act, 1961. In this regard it is noted that assessee is running captive power plant and generating electricity for consumption by the assessee’s own chemical division. There is no third party sale to any other entity. Due to these peculiar facts of the case it is seen that expenditure which can be allocated to captive