THE COMMISSIONER OF INCOMEE TAX-III vs. M/S.V.B.C.FERRO ALLOYS LTD

THE APPEAL IS DISMISSED

Bench: SUJOY PAUL,NAMAVARAPU RAJESHWAR RAO

section' 1O(23G) initially it was part of the sectron. The exemption relates to po$'er generation under the long term capital gains, u,hich include infrastructure facilities. In the said circumstalces. if Assesment Officer exempted the assessee and no provision was altered. Hence, this is also not applicabie to present case. 20. Learned counsel for the respondent relied upon

The Commissioner of Income TAx-IV, vs. M/s. Mahaveer Enterprises (India) Limited