Board whereas for the power supplied to its own units for captive consumption, the assessee recorded it at Rs. 3.72 per unit, in other words ... consideration for power transferred to its own manufacturing units for captive consumption has been correctly recorded by the assessee at Rs. 3.72 per unit
Dcit, New Delhi vs M/S Dharampal Satyapal Ltd.,, Delhi on 18 April, 2019
Dharampal
held that "profit and gain" from captive consumption of
electricity supplied from generator set and which cannot be sold to
any third person ... further power is not
supplied to public but it is for captive consumption and therefore no
deduction under section 80 IA of income
held that "profit and gain" from captive consumption of
electricity supplied from generator set and which cannot be sold to
any third person ... further power is not
supplied to public but it is for captive consumption and therefore no
deduction under section 80 IA of income
No3319 & 3254/Del/08
captive power plant. Besides captive consumption, the assessee is also
engaged in supplying electricity to Chattisgarh State Electricity Board ... unit
whereas it had charged `.3.7243/3.698 per unit for captive
consumption and `.3.292 for its Raipur Unit. In this view of the fact
further power is not supplied to public but it is for captive
consumption and therefore no deduction under section 80 IA of
income ... honourable High Court
was Whether "profit and gain" from captive consumption of electricity
supplied from generator set and which cannot be sold
respect of power
generated by it for captive consumption by the other unit; and (ii)
the CIT(Appeals) had correctly arrived at transfer price ... material produced in the plant was used for captive
consumption. Before the Tribunal it was contended by the
Revenue that the language used in section
shown inflated income by charging @ Rs. 3.72 per unit for captive consumption of power as against Rs. 2.32 per unit charged from State Electricity Board ... power. According to the assessing officer if the amount charged to captive consumption of power was taken at the same rate at which the assessee
shown inflated income by charging @ Rs. 3.72 per unit for captive consumption of power as against Rs. 2.32 per unit charged from State Electricity Board ... power. According to the AO if the amount charged to captive consumption of power was taken at the same rate at which the assessee supplied
tariff, was classifiable under TI 68 and was exempt only for captive consumption under Notification No. 118/75-CE, dt. 30th April, 1975. Notification ... captively whereas under Notification No. 195/86-CE dt. 13th March, 1986, it is wholly exempt for all clearance without any condition for captive consumption
