The Central Electricity Regulatory Commission (CERC) said the petition filed by NLC India Limited (NLCIL), a central public sector undertaking seeking State power utilities including those of Tamil Nadu, to pay the their tax liabilities (pertaining to income tax paid by NLC under the Vivad Se Vishwas Scheme) is not maintainable.
In an order dated July 10, CERC cited various cases on the issue pending before High Courts and granted NLCIL the liberty to approach commission after the cases are disposed of by the courts.
In its petition, NLCIL said it had opted for the Centre’s Vivad Se Vishwas Scheme, which provided for ending pending income tax litigations. Opting for the scheme resulted in the payment of tax to the tune of ₹732 crore, which was less than the total demand of around ₹1,082 crore, it said.
