2018 (10) TMI 1301

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..... Issue to be decided in favour of the assessee, by judgement of M/S. NEYVELI LIGNITE CORPORATION LIMITED VERSUS THE ASSISTANT COMMISSIONER OF INCOME TAX COMPANY CIRCLE  IV (4) CHENNAI [2013 (1) TMI 136 - MADRAS HIGH COURT] which says:- “Where under the agreement the tax component is part of the sale of electricity from the Thermal Power Generating Stations and the mere fact that a component of .....

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..... nsel for the Revenue. 3.This Appeal has been admitted on 17.11.2008, on the following Substantial Question of Law: 1.Whether on the facts and circumstances of the case, the Tribunal was right in holding that components of price for sale of electricity fixed on the basis of tax liability should not be taken as part of the transfer price of coal and sale price of electricity in computing the .....

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