https://www.taxtmi.com/caselaws?id=780043 ITAT HYDERABAD - AT held that validity of assessment under s.153 remains open pending SC determination and directed AO to follow the SC's eventual ruling. Deduction under s.80IA was remanded to AO for factual verification regarding whether projects commenced development or O&M on/after 1 Apr 2017, in view of the second proviso. On TP adjustments, Tribunal found the AE's receipt from Government to be a comparable uncontrolled price passed through to the appellant, so the assessee's CUP benchmarking was valid; TPO's rejection and adoption of "another method" to reallocate costs between eligible and non-eligible units exceeded TP scope. TP addition deleted. en-us Wed, 24 Sep 2025 00:00:00 +0530 Fri, 17 Oct 2025 08:08:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780043 ITAT HYDERABAD - AT held that validity of assessment under s.153 remains open pending SC determination and directed AO to follow the SC's eventual ruling. Deduction under s.80IA was remanded to AO for factual verification regarding whether projects commenced development or O&M on/after 1 Apr 2017, in view of the second proviso. On TP adjustments, Tribunal found the AE's receipt from Government to be a comparable uncontrolled price passed through to the appellant, so the assessee's CUP benchmarking was valid; TPO's rejection and adoption of "another method" to reallocate costs between eligible and non-eligible units exceeded TP scope. TP addition deleted. Case-Laws Income Tax Wed, 24 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780043