https://www.taxtmi.com/caselaws?id=470886 Revisionary jurisdiction cannot be invoked merely to revisit a deduction claim that the Assessing Officer examined through notices, workings and audit material, particularly where unchanged operational facts had been accepted in earlier scrutiny assessments. An assessment order is not erroneous and prejudicial to Revenue merely because a different view is possible after adequate enquiry. Capacity charges, energy charges and shortfall charges received under the prescribed electricity tariff form part of the sale consideration for power generation. Their direct, first-degree nexus with the eligible power undertaking brings them within qualifying business profits for the deduction. en-us Fri, 15 Sep 2023 00:00:00 +0530 Wed, 12 Aug 2026 18:37:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470886 Revisionary jurisdiction cannot be invoked merely to revisit a deduction claim that the Assessing Officer examined through notices, workings and audit material, particularly where unchanged operational facts had been accepted in earlier scrutiny assessments. An assessment order is not erroneous and prejudicial to Revenue merely because a different view is possible after adequate enquiry. Capacity charges, energy charges and shortfall charges received under the prescribed electricity tariff form part of the sale consideration for power generation. Their direct, first-degree nexus with the eligible power undertaking brings them within qualifying business profits for the deduction. Case-Laws Income Tax Fri, 15 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470886