Held that though it was contended by the Revenue that the allowance of electricity charges incurred by the assessee as deduction, was violative of public policy within the meaning of Explanation 1 to section 37 of the Income-tax Act, 1961 the appellate authorities rejected the contention observing that the payment of operational lease rental was in terms of the lease arrangement between finance companies, W and the assessee though measured in terms of units of electricity consumed; and it was admittedly, for the consumption of electricity for business purposes; and there was no violation of the policies or guidelines by any of the parties to the lease agreement pointed out by the Electricity Board till date. The electricity charges were deductible. (AY. 1998-99, 2000-01 to 2003-04)