If tax expense part of ‘power tariff’, S.80-IA deduction cannot call for its exclusion

HIGH COURT OF MADRAS Neyveli Lignite Corpn. Ltd. Versus Assistant Commissioner of Income-tax TAX CASE (APPEAL) NO. 1317 OF 2005 JULY 16, 2012 JUDGMENT Mrs. Chitra Venkataraman, J. – The following are the questions of law raised by the assessee in the tax case appeal filed as against the order of the Tribunal relating to the Assessment Year 2001-02.  1.  Whether on the facts and in the circumstances of the case, the Tribunal was right in holding that components of price for sale of electricity fixed on the basis of tax liability should not be taken as part of the transf...