https://www.taxtmi.com/caselaws?id=765064 Delhi HC upheld the application of Comparable Uncontrolled Price (CUP) method for determining Arm's Length Price (ALP) of electricity transferred from assessee's eligible unit to non-eligible unit under Section 80IA. The court accepted the rate of Rs. 4.39 per kWh at which assessee supplied power to UPPCL as appropriate ALP, rejecting revenue's challenge. Following Supreme Court precedent in Jindal Steel case, the court recognized rates charged by State Electricity Boards to industrial consumers as valid market value for Section 80IA purposes. Decision favored assessee. en-us Tue, 21 Jan 2025 00:00:00 +0530 Wed, 22 Jan 2025 15:20:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765064 Delhi HC upheld the application of Comparable Uncontrolled Price (CUP) method for determining Arm's Length Price (ALP) of electricity transferred from assessee's eligible unit to non-eligible unit under Section 80IA. The court accepted the rate of Rs. 4.39 per kWh at which assessee supplied power to UPPCL as appropriate ALP, rejecting revenue's challenge. Following Supreme Court precedent in Jindal Steel case, the court recognized rates charged by State Electricity Boards to industrial consumers as valid market value for Section 80IA purposes. Decision favored assessee. Case-Laws Income Tax Tue, 21 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765064