Power purchase deduction and customer repayment exclusion under a minimum consumption guarantee scheme remain open on appeal.

The dispute concerns whether deduction could be denied for differential power purchase rates and whether amounts repayable to customers under a minimum consumption guarantee scheme could be excluded from assessment. The matter reached the Allahabad High Court, which admitted the appeal and issued notice, leaving the substantive questions open for determination.

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Issues: Whether the Tribunal was justified in declining deduction in respect of differential power purchase rates; whether the Tribunal was justified in declining consideration of the assessee's claim for exclusion of amounts repayable to customers under the minimum consumption guarantee scheme.

Outcome: The appeal was admitted and notice was issued.

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