power to the industrial consumers has to be
taken as the market value for computing deduction under Section 80 IA of
the Act."
[emphasis ... record. From the facts, it is seen that steam is
commercial and viable product and its value cannot be taken at
NIL. Since the steam
eligible unit to non eligible unit and the
transfer price of the steam transferred by the assessee from
eligible unit to non eligible unit. (Covered ... number 4 - 6)
iii. addition on account of difference between the market value of
the property sold and the actual sale consideration by
application
pressure steam at a very high temperature. The steam
is first fed in the turbine where part of the heat energy of the steam ... inlet steam and the outlet steam of the
turbine. As per the details available on record the heat value of the inlet steam
shown as profit on account of generation
and transfer of steam.
11. Deleting the reduction ... Publicity & Public Relation Expenses of Rs. 8,19,065/- the depreciation value on the
share of APGPCL of Rs, 5,93,19,746/-, depreciation
entire cost of generating steam is charged to generation of power.
(iv) Resultant cost of steam is NIL.
(v) Unutilized steam is used for manufacturing ... further relied upon judgements wherein this methodology to
value steam expressed in terms of equivalent units of electricity was accepted
and in addition placed reliance
cost of production of steam at NIL, in our considered view steam is
commercial and viable product and its value cannot be taken ... steam has a cost and therefore the
arm'slength price of steam cannot be determined at nil. It further
held that the value
cost of production of steam at NIL, in our considered view steam is
commercial and viable product and its value cannot be taken ... steam has a cost and therefore the
arm'slength price of steam cannot be determined at nil. It further
held that the value
also submitted additional evidence of Report on determination of market value of
Steam and prayed for the admission of the additional evidence also ... being at arm's length by stating that the market value steam cannot be
determined as there is no open market for steam. Accordingly
converting the thermal energy in the steam
to electricity. Such low pressure (LP) steam has no further value
in generating any further electricity. The same ... value for the LP steam. Since, there is no
sale price for the LP steam output; he noted that the value of the
same
pressure steam at a very high
temperature. The steam is first fed in the turbine where part of the
heat energy of the steam ... inlet steam
and the outlet steam of the turbine. As per the details available on
record the heat value of the inlet steam
