ASST.COMMISSIONER OF INCOME TAX, CIRCLE-2(1), HYDERABAD vs. ARAGEN LIFE SCIENCES LIMITED, HYDERABAD
ITA 483/HYD/2023[2017-18]Status: DisposedITAT Hyderabad27 May 2024AY 2017-18
Bench: Shri Laliet Kumar & Shri Manjunatha, G.आ.अपी.सं /Ita No.483/Hyd/2023 (िनधा"रण वष" / Assessment Year: 2017-18) A.C.I.T. Vs. Aragen Life Sciences Ltd Circle 2(1) Hyderabad Hyderabad Pan: Aabcg3208J (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri S.P. Chidambaram राज" व "ारा/Revenue By:: Shri Meghnadh Chowhan,Dr सुनवाई की तारीख/Date Of Hearing: 21/05/2024 घोषणा की तारीख/Pronouncement: 27/05/2024
For Appellant: Shri S.P. ChidambaramFor Respondent: : Shri Meghnadh Chowhan,DR
Section 115JSection 139(1)Section 143(2)
depreciation on assets and operation & maintenance cost. Fixed tariff based on actual capital cost and plant load factor (PLF) of the power plant. The company had recognized tariff receivable for supply of power as per P.P.A. (Power Purchase Agreement). The assessee is following mercantile system of accounting. Thus, recognition of income was as ITA No.
192/Del./2010 ITA No.4471/Del./2010
