https://www.taxtmi.com/caselaws?id=237462 The High Court dismissed the Tax Case (Appeal) without costs after finding no substantial question of law for admission. The Tribunal's decision was upheld, ruling that the purchase rate of electricity from a group company was justified based on commercial considerations and was lower than the tariff set by the Tamil Nadu Electricity Board. The Tribunal determined that the rates charged by the sister concern to unrelated parties were not excessive, leading to the rejection of the Revenue's appeal challenging the disallowance under Section 40A of the Income Tax Act, 1961. en-us Mon, 16 Sep 2013 00:00:00 +0530 Sat, 28 Sep 2013 07:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237462 The High Court dismissed the Tax Case (Appeal) without costs after finding no substantial question of law for admission. The Tribunal's decision was upheld, ruling that the purchase rate of electricity from a group company was justified based on commercial considerations and was lower than the tariff set by the Tamil Nadu Electricity Board. The Tribunal determined that the rates charged by the sister concern to unrelated parties were not excessive, leading to the rejection of the Revenue's appeal challenging the disallowance under Section 40A of the Income Tax Act, 1961. Case-Laws Income Tax Mon, 16 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237462