Mill (hereinafter referred to as LMMM agreement) between Rashtriya Ispat Nigam Ltd. (RINL), Visakhapatnam Steel Projects and Metallurgical and Engineering Consultants (India) Ltd. (MECON), with ... strand Wire Rod Mill (hereinafter referred to as WRM contract), between RINL and SMM Schloemann-Siemag Aktiengesellschaf t (hereinafter referred to as SMS) with
metric tonnes as a bulk purchase from Rastriya Ispat Nigam Ltd
(RINL). This purchase was transferred to 12 parties at the purchase
value on which ... appellant explained that
it had entered into a cartel purchase from RINL which enabled the
appellant to purchase goods at a rate lower than market
allowed loans granted by Visakhapatnam
Municipal Corporation (VMC), Rastriya ISPAT Nigam Limited (RINL) and
National Thermal Power Corporation (NTPC), to Visakhapatnam Water
Supply Company (VIWSCO ... VIWSCO is matched by interest payable to the 3 loaning companies.
VMC, RINL and NTPC.
6. The learned Commissioner of Income Tax is not justified
allowed loans granted by Visakhapatnam
Municipal Corporation (VMC), Rastriya ISPAT Nigam Limited (RINL) and
National Thermal Power Corporation (NTPC), to Visakhapatnam Water
Supply Company (VIWSCO ... VIWSCO is matched by interest payable to the 3 loaning companies.
VMC, RINL and NTPC.
6. The learned Commissioner of Income Tax is not justified
crores in financial year 2004-05 from
NTPC, VMC and RINL of Rs.50 crores, 60 crores and 240 crores
respectively and the interest
