https://www.taxtmi.com/caselaws?id=402887 The Tribunal upheld the Commissioner's decision on the interpretation of Section 80IA(8) of the Income Tax Act, 1961, regarding transfer pricing of power between eligible and non-eligible units. It was determined that the electricity duty component should be included in determining the transfer price of power. Additionally, the Tribunal allowed the deduction of education cess under Section 37 of the Act, citing judicial pronouncements supporting the claim. The Tribunal dismissed the Revenue's appeal and approved the Cross Objection, ultimately affirming the decisions based on legal precedents. en-us Tue, 12 Jan 2021 00:00:00 +0530 Wed, 13 Jan 2021 23:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402887 The Tribunal upheld the Commissioner's decision on the interpretation of Section 80IA(8) of the Income Tax Act, 1961, regarding transfer pricing of power between eligible and non-eligible units. It was determined that the electricity duty component should be included in determining the transfer price of power. Additionally, the Tribunal allowed the deduction of education cess under Section 37 of the Act, citing judicial pronouncements supporting the claim. The Tribunal dismissed the Revenue's appeal and approved the Cross Objection, ultimately affirming the decisions based on legal precedents. Case-Laws Income Tax Tue, 12 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402887