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TMI Blog2013 (9) TMI 894X X X X Extracts X X X X X X X X Extracts X X X X ..... s, the Income Tax Appellate Tribunal held that the supplier had reasons for charging different rates. The Income Tax Appellate Tribunal further pointed out that the rate at which, the assessee purchased electricity from M/s OPG Energy Pvt. Ltd., was lower than the tariff fixed by the Tamil Nadu Electricity Board. – Decided against the Revenue. - Tax Case (Appeal) No. 332 of 2013 - - - Dated:- 16- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y at a price of Rs.3.0417 per unit cannot be a basis for arriving reasonability of the price paid by the assessee not perverse, especially when the said M/s.Meridian had purchased more than 50% of the power sold by M/s.OPG Energy Private Limited ?" 2. The Assessing Officer disallowed a sum of Rs.96,18,175/- as excess payment on purchase of power from M/s.OPG Energy P.Ltd, a group company, under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tes were lower; the average rate at which electricity was supplied by the said company to unrelated parties came to Rs.3.266 per unit. The Income Tax Appellate Tribunal further pointed out that the average rate of sale to unrelated parties had been pulled down to Rs.3.266 per unit even if one has taken out the case of M/s.Meridian Industries Limited, the rate was at Rs.3.041 per unit. Thus, the In ..... X X X X Extracts X X X X X X X X Extracts X X X X
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