https://www.taxtmi.com/highlights?id=91928 The HC dismissed the Revenue's appeals, upholding the Tribunal's determination that the internal comparable uncontrolled price methodology was the most appropriate method for benchmarking inter-company supply of power from captive plants to non-eligible units. The Court held that market value for industrial consumers must be measured by the rates at which State Electricity Boards supply power to consumers (for purposes of Section 80IA) rather than rates at which power is sold to the Boards, and that negotiated captive-to-consumer pricing can settle below generator expectations in an unregulated transaction. The HC also affirmed application of a 0.5% corporate guarantee fee as the arm's-length benchmark, rejecting Revenue's challenge to that finding. en-us Tue, 26 Aug 2025 08:41:04 +0530 Tue, 26 Aug 2025 08:41:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=91928 The HC dismissed the Revenue's appeals, upholding the Tribunal's determination that the internal comparable uncontrolled price methodology was the most appropriate method for benchmarking inter-company supply of power from captive plants to non-eligible units. The Court held that market value for industrial consumers must be measured by the rates at which State Electricity Boards supply power to consumers (for purposes of Section 80IA) rather than rates at which power is sold to the Boards, and that negotiated captive-to-consumer pricing can settle below generator expectations in an unregulated transaction. The HC also affirmed application of a 0.5% corporate guarantee fee as the arm's-length benchmark, rejecting Revenue's challenge to that finding. Highlights Income Tax Tue, 26 Aug 2025 08:41:04 +0530 https://www.taxtmi.com/highlights?id=91928