https://www.taxtmi.com/caselaws?id=265322 The Tribunal dismissed the revenue's appeal and partly allowed the assessee's appeal. It upheld the admission of additional evidence, deletion of addition regarding lower provision for Fuel and Other Cost Adjustment, allowance of write-off of capital items, set-off of brought forward loss/unabsorbed depreciation, and excess provision for interest/finance charges. The Tribunal also agreed on the excess provision for purchase of power and recovery from temporary service connections. However, it disagreed on the applicability of Section 43B to electricity duty collected and paid/adjusted, leading to the deletion of disallowance. The Tribunal found the issuance of notice under Section 271(1)(c) premature and dismissed it. en-us Wed, 12 Aug 2015 00:00:00 +0530 Sat, 10 Oct 2015 06:38:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265322 The Tribunal dismissed the revenue's appeal and partly allowed the assessee's appeal. It upheld the admission of additional evidence, deletion of addition regarding lower provision for Fuel and Other Cost Adjustment, allowance of write-off of capital items, set-off of brought forward loss/unabsorbed depreciation, and excess provision for interest/finance charges. The Tribunal also agreed on the excess provision for purchase of power and recovery from temporary service connections. However, it disagreed on the applicability of Section 43B to electricity duty collected and paid/adjusted, leading to the deletion of disallowance. The Tribunal found the issuance of notice under Section 271(1)(c) premature and dismissed it. Case-Laws Income Tax Wed, 12 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265322