https://www.taxtmi.com/caselaws?id=462745 ITAT Delhi allowed the assessee's appeal on multiple grounds. The tribunal deleted TP adjustments for power and steam transfers between eligible and non-eligible units after the AO admitted in a sworn affidavit that no departmental appeal was filed against the favorable Commissioner (Appeals) order in AY 2015-16, contrary to AO's earlier claims. Disallowances under section 14A were deleted as the assessee earned no exempt income. The tribunal held receipts from sale of Renewable Energy Certificates as capital receipts, not taxable as revenue, and excluded them from book profit computation under section 115JB. Various computational errors were remanded for rectification. en-us Wed, 15 Mar 2023 00:00:00 +0530 Sat, 12 Jul 2025 23:06:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462745 ITAT Delhi allowed the assessee's appeal on multiple grounds. The tribunal deleted TP adjustments for power and steam transfers between eligible and non-eligible units after the AO admitted in a sworn affidavit that no departmental appeal was filed against the favorable Commissioner (Appeals) order in AY 2015-16, contrary to AO's earlier claims. Disallowances under section 14A were deleted as the assessee earned no exempt income. The tribunal held receipts from sale of Renewable Energy Certificates as capital receipts, not taxable as revenue, and excluded them from book profit computation under section 115JB. Various computational errors were remanded for rectification. Case-Laws Income Tax Wed, 15 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462745