https://www.taxtmi.com/caselaws?id=433368 The Tribunal upheld the assessee's Arms Length Price (ALP) of Rs. 8.74 per unit for the sale of power to its Associated Enterprises, rejecting the Transfer Pricing Officer's proposed rate of Rs. 7.39 per unit. The Tribunal considered the charges levied by the State Electricity Board and cited precedents to support the assessee's methodology. The decision in favor of the assessee for the assessment years 2017-18 and 2018-19 encompassed the ALP determination, dismissing the Revenue's contentions and allowing both appeals. en-us Wed, 26 Oct 2022 00:00:00 +0530 Fri, 27 Jan 2023 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433368 The Tribunal upheld the assessee's Arms Length Price (ALP) of Rs. 8.74 per unit for the sale of power to its Associated Enterprises, rejecting the Transfer Pricing Officer's proposed rate of Rs. 7.39 per unit. The Tribunal considered the charges levied by the State Electricity Board and cited precedents to support the assessee's methodology. The decision in favor of the assessee for the assessment years 2017-18 and 2018-19 encompassed the ALP determination, dismissing the Revenue's contentions and allowing both appeals. Case-Laws Income Tax Wed, 26 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433368