https://www.taxtmi.com/caselaws?id=312138 ITAT Raipur ruled against revenue in a transfer pricing dispute involving power purchase from associated enterprise. TPO adopted Rs.3.07 per unit rate paid by State Electricity Board to captive power plants as comparable for benchmarking arm's length price. CIT(A) rejected this comparison. ITAT upheld CIT(A)'s decision, following precedent from Mahendra Sponge and Power Ltd case and Chhattisgarh HC ruling in Godavari Power case, which established that market rates from State Electricity Board should be used for comparison rather than rates paid to captive power plants. en-us Fri, 28 Apr 2023 00:00:00 +0530 Fri, 02 Feb 2024 21:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312138 ITAT Raipur ruled against revenue in a transfer pricing dispute involving power purchase from associated enterprise. TPO adopted Rs.3.07 per unit rate paid by State Electricity Board to captive power plants as comparable for benchmarking arm's length price. CIT(A) rejected this comparison. ITAT upheld CIT(A)'s decision, following precedent from Mahendra Sponge and Power Ltd case and Chhattisgarh HC ruling in Godavari Power case, which established that market rates from State Electricity Board should be used for comparison rather than rates paid to captive power plants. Case-Laws Income Tax Fri, 28 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312138