same is an intangible asset being "Mine Development" instead of accepting
the claim of appellant that the depreciation be allowed ... manufacturing raising of Chrome ore and Manganese ore from its
captive mine located in Odisha and Madhya Pradesh. The assessee is
manufacturing and selling Ferro
phenomenon. The fact that the assessee entered
into the business of coal mining in the year 2006-07 and also provided loans to
repay ... power plant and another
group company is developing the coal mining business for ensuring captive supply
of the same to group generation company
held that the
market value of power supplied by the captive power plant to the manufacturing unit
should be the cost at which the manufacturing ... 2019 dated
14.09.2021.
iv . DCIT vs. Rungta Mines Ltd. [2024] 158 taxmann.com 573 (Kokata-Trib.)
16. He submitted, the reliance on the decision
difference between the transactions being
benchmarked, which is supply of electricity by captive units, and the transaction of
supply of electricity by distribution companies/corporations ... would be necessary to observe that in case of DCIT vs.
Rungta Mines Ltd. [2024] 158 taxmann.com 573 (Kolkata), the co-ordinate bench
difference between the transactions being
benchmarked, which is supply of electricity by captive units, and the transaction of
supply of electricity by distribution companies/corporations ... would be necessary to observe that in case of DCIT vs.
Rungta Mines Ltd. [2024] 158 taxmann.com 573 (Kolkata), the co-ordinate bench
difference between the transactions being
benchmarked, which is supply of electricity by captive units, and the transaction of
supply of electricity by distribution companies/corporations ... would be necessary to observe that in case of DCIT vs.
Rungta Mines Ltd. [2024] 158 taxmann.com 573 (Kolkata), the co-ordinate bench
difference between the transactions being
benchmarked, which is supply of electricity by captive units, and the transaction of
supply of electricity by distribution companies/corporations ... would be necessary to observe that in case of DCIT vs.
Rungta Mines Ltd. [2024] 158 taxmann.com 573 (Kolkata), the co-ordinate bench
erred in issuing notice under section 153C of the Act
Essel Mining & Industries Ltd. 7
ITA Nos. 1020, 1019, 1550 & 1548/M/2018 ... mining of
ore, manufacturing and trading of Iron Ore & ferro alloys,
alloys
generation of electricity (Wind Power Mill) & Railway siding for
captive
business of mining ore, Manufacturing of Ferro Alloys,
Trading of Iron Ore, Generation of Electricity, Railway Siding for
captive use etc. For consideration, the assessee ... book profit u/s 115 JB of the Act at Rs.
Essel Mining & Industries Ltd. 3
ITA No. 6996/MUM/2025
services. It was
further submitted that the section itself envisages situation of captive
consumption. Reliance was placed on the decision reported ... cess was leviable on the annual net profits derived from the
mines. It was contended that since no iron ore extracted is sold
