2012 (8) TMI 209

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..... shares in another company - understanding was that the other company would supply electricity to the respondent subject to the condition that the latter would invest in the former – Held that:- Electricity was used by the respondent in the manufacture of their final products – there is clear nexus between the stockbroker's service and the manufacture of the goods - service clearly fell within the .....

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..... 3. It is not in dispute that the respondent used the services of a stockbroker for acquiring shares in another company. Again, it is not in dispute that such acquisition of shares was made pursuant to a Memorandum of Understanding between the respondent and the other company. The understanding was that the other company would supply electricity to the respondent subject to the condition that the l .....

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