https://www.taxtmi.com/caselaws?id=762965 ITAT Raipur allowed the assessee's appeal regarding section 80-IA deduction disallowance. The tribunal held that for computing arm's length price of power transfer from captive power unit to steel manufacturing unit, the market value should be the rate at which State Electricity Board supplies power to consumers, not the rate charged to suppliers. This followed binding precedents from Chhattisgarh HC and SC in similar cases. Regarding section 80G deduction for CSR donations, the tribunal found the assessee entitled to claim deductions but remanded the matter to AO for verification of compliance with section 80G conditions. en-us Fri, 31 May 2024 00:00:00 +0530 Tue, 10 Dec 2024 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762965 ITAT Raipur allowed the assessee's appeal regarding section 80-IA deduction disallowance. The tribunal held that for computing arm's length price of power transfer from captive power unit to steel manufacturing unit, the market value should be the rate at which State Electricity Board supplies power to consumers, not the rate charged to suppliers. This followed binding precedents from Chhattisgarh HC and SC in similar cases. Regarding section 80G deduction for CSR donations, the tribunal found the assessee entitled to claim deductions but remanded the matter to AO for verification of compliance with section 80G conditions. Case-Laws Income Tax Fri, 31 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762965