https://www.taxtmi.com/caselaws?id=461320 Where no deduction under section 80-IA was actually claimed because the assessee's income was fully absorbed by brought-forward losses, a transfer pricing adjustment for electricity transferred from captive power and wind power plants could not be sustained and was deleted. For section 80-IA valuation, the appropriate arm's length benchmark for electricity transferred between eligible and non-eligible units was the tariff charged by the State electricity distribution company to industrial consumers, not a different regulated procurement rate, so the assessee's adopted price was accepted. The modified return filed after amalgamation approval was also required to be considered for taxable income and carry-forward claims, with the rectification request directed to be dealt with in accordance with law. en-us Wed, 15 Jan 2025 00:00:00 +0530 Fri, 13 Mar 2026 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461320 Where no deduction under section 80-IA was actually claimed because the assessee's income was fully absorbed by brought-forward losses, a transfer pricing adjustment for electricity transferred from captive power and wind power plants could not be sustained and was deleted. For section 80-IA valuation, the appropriate arm's length benchmark for electricity transferred between eligible and non-eligible units was the tariff charged by the State electricity distribution company to industrial consumers, not a different regulated procurement rate, so the assessee's adopted price was accepted. The modified return filed after amalgamation approval was also required to be considered for taxable income and carry-forward claims, with the rectification request directed to be dealt with in accordance with law. Case-Laws Income Tax Wed, 15 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461320