https://www.taxtmi.com/caselaws?id=437025 The Tribunal ruled in favor of the assessee, finding that the adjustments proposed by the Assessing Officer and Dispute Resolution Panel were unwarranted as the company did not claim any deduction under section 80-IA. The Tribunal upheld the method adopted by the assessee for determining the transfer price of power, citing relevant judicial precedents. Consequently, the penalty proceedings under section 270A of the Income Tax Act were revoked, and the appeal of the assessee was fully allowed. en-us Mon, 24 Apr 2023 00:00:00 +0530 Wed, 26 Apr 2023 09:12:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437025 The Tribunal ruled in favor of the assessee, finding that the adjustments proposed by the Assessing Officer and Dispute Resolution Panel were unwarranted as the company did not claim any deduction under section 80-IA. The Tribunal upheld the method adopted by the assessee for determining the transfer price of power, citing relevant judicial precedents. Consequently, the penalty proceedings under section 270A of the Income Tax Act were revoked, and the appeal of the assessee was fully allowed. Case-Laws Income Tax Mon, 24 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437025