In the result, all the appeals filed by the Revenue and the Cross Objections filed by the assessee are dismissed
Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Ble
153C r.w.s.263 was completed on 17/05/2013 assessing the income under normal provisions at Rs. 1,72,83,870/- and total income was computed. In the assessment order, the Assessing Officer observed that while calculating the eligible deduction under section 80IA from the profits derived from the power generation undertaking adopted sale value of power at Rs. 4.50 per unit being