https://www.taxtmi.com/caselaws?id=304104 The Tribunal allowed the appeal of the assessee, holding that the sale rate of Rs. 6.72 per unit for power and Rs. 2160 per MT for steam were at Arm's Length, and deleted the additions made by the A.O. on account of the transfer of power units and steam. The initiation of penalty proceedings under section 271(l)(c) was not addressed as it was considered premature. en-us Thu, 17 Feb 2022 00:00:00 +0530 Thu, 08 Sep 2022 07:21:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304104 The Tribunal allowed the appeal of the assessee, holding that the sale rate of Rs. 6.72 per unit for power and Rs. 2160 per MT for steam were at Arm's Length, and deleted the additions made by the A.O. on account of the transfer of power units and steam. The initiation of penalty proceedings under section 271(l)(c) was not addressed as it was considered premature. Case-Laws Income Tax Thu, 17 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304104