https://www.taxtmi.com/caselaws?id=19169 The High Court dismissed both applications under section 256(2) of the Income-tax Act, 1961. The first application by the Revenue regarding the disallowance of surcharge on electricity consumed was rejected, with the Court affirming it as a statutory liability. The second application, concerning excessive payments for services and related party transactions, was also dismissed. The Court upheld specific rates for services and invoked section 40A(2) for payments to related parties. The judgments were based on legal principles and precedents, settling the tax-related disputes in favor of the assessee. en-us Wed, 08 Mar 1995 00:00:00 +0530 Wed, 04 Nov 2009 13:49:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19169 The High Court dismissed both applications under section 256(2) of the Income-tax Act, 1961. The first application by the Revenue regarding the disallowance of surcharge on electricity consumed was rejected, with the Court affirming it as a statutory liability. The second application, concerning excessive payments for services and related party transactions, was also dismissed. The Court upheld specific rates for services and invoked section 40A(2) for payments to related parties. The judgments were based on legal principles and precedents, settling the tax-related disputes in favor of the assessee. Case-Laws Income Tax Wed, 08 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19169