https://www.taxtmi.com/caselaws?id=438763 The ITAT allowed the appeals for the assessment years 2016-17 and 2017-18 for statistical purposes. For the sale of power, the tribunal held the assessee correctly computed the Arm's Length Price at Rs. 6.5 per unit. Regarding the sale of steam, the tribunal disagreed with the "nil" valuation and remanded the matter to the AO for re-evaluation, directing the assessee to provide supporting documents. The tribunal's decisions for 2016-17 were applied to 2017-18, with Ground No. 2 allowed and Ground No. 3 restored to the AO for de-novo consideration. en-us Tue, 16 May 2023 00:00:00 +0530 Tue, 26 Nov 2024 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438763 The ITAT allowed the appeals for the assessment years 2016-17 and 2017-18 for statistical purposes. For the sale of power, the tribunal held the assessee correctly computed the Arm's Length Price at Rs. 6.5 per unit. Regarding the sale of steam, the tribunal disagreed with the "nil" valuation and remanded the matter to the AO for re-evaluation, directing the assessee to provide supporting documents. The tribunal's decisions for 2016-17 were applied to 2017-18, with Ground No. 2 allowed and Ground No. 3 restored to the AO for de-novo consideration. Case-Laws Income Tax Tue, 16 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438763