https://www.taxtmi.com/caselaws?id=101875 Electricity generated by a wholly owned and fully controlled subsidiary exclusively for its parent company was treated as the parent's own source of generation, because the commercial reality of a captive arrangement can justify lifting the corporate veil despite separate legal personality; the electricity duty had to be recomputed on that basis. The Court also held that refusal of exemption from electricity duty under a public-interest statutory power was not invalid, because the State had considered relevant factors, obtained material, afforded a hearing, and balanced industrial promotion against revenue needs. No breach of natural justice or failure to consider mandatory factors was shown. en-us Thu, 28 Jul 1988 00:00:00 +0530 Fri, 13 Dec 2013 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101875 Electricity generated by a wholly owned and fully controlled subsidiary exclusively for its parent company was treated as the parent's own source of generation, because the commercial reality of a captive arrangement can justify lifting the corporate veil despite separate legal personality; the electricity duty had to be recomputed on that basis. The Court also held that refusal of exemption from electricity duty under a public-interest statutory power was not invalid, because the State had considered relevant factors, obtained material, afforded a hearing, and balanced industrial promotion against revenue needs. No breach of natural justice or failure to consider mandatory factors was shown. Case-Laws Companies Law Thu, 28 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101875