2019 (11) TMI 1696

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.... C.A. For the Respondent : Ms. R. Anitha , JCIT ORDER PER SHRI GEORGE MATHAN, JUDICIAL MEMBER : This is an appeal filed by the assessee directed against the order of the learned Commissioner of Income Tax (Appeals)-2, Coimbatore (hereinafter called as 'CIT(A)') in Appeal No.104/17-18 dated 05.04.2019 for the assessment year 2015-16. 2. Mr. K. Raghu, Chartered Accountant represented ....

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....on, the assessee had saved at the rate of the purchase price and for determining the actual profit generated by the assessee on account of the captive consumption of the power generated from its wind mills, the rate at which the assessee was supplied electricity by the Tamil Nadu Electricity Board was to be adopted which was Rs. 5.50 paise per unit. It was a submission that the learned CIT(A) dism....

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....dopted. 4. In reply, the learned Departmental Representative vehemently supported the order of the learned Assessing Officer and the learned CIT(A). 5. We have considered the rival submission and perused the materials available on record. 6. By investing in the wind mill, the assessee has saved itself from the cost of purchasing power from the Tamil Nadu Electricity Board. Obviously, it i....