2017 (9) TMI 745

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....anu Jain, Mr.Pranjal Srivastava, Advocates ORDER C.M. APPL. 31668/2017 (Exemption) in ITA No. 725/2017 1. Allowed, subject to all just exceptions. C.M. APPL. 27378/2017 (Delay in filing) in ITA No. 595/2017 C.M. APPL. 31669/2017 (Delay in filing) in ITA No. 725/2017 2. For the reasons stated in these applications, the delay in filing these appeals is condoned. These applications stand dispos....

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....ct, the Assessee did not press its appeal before the ITAT. The issue was in fact decided in favour of a similarly placed party by the Supreme Court in its decision in National Hydroelectric Power Corpn. Ltd. v. Commissioner of Income Tax [2010] 320 ITR 374 (SC). This was obviously a debatable issue that did not warrant penalty. 6. As regards the second issue of recovery of transmission charges, t....