THE COMMISSIONER OF INCOME-TAX-IV, HYDERABAD vs. M/S NAVA BHARAT VENTURES LTD., HYD

The appeal is dismissed

Bench: P.SAM KOSHY,NARSING RAO NANDIKONDA

transfer red from power unit to ferro is to be charged with recovery ra-e of power and not at wt.ich the power purchased by AP 'IRANSCO from assessee. He further argued that the power generating companies are supplying power at rates vrrrying between Rs.2.21 to 3.15 per unit. He further contended that the CIT(A) agreed

THE COMMISSIONER OF INCOME TAX-IV, HYDERABAD vs. M/S NAVA BHARAT VENTURES LTD., HYDERABAD