https://www.taxtmi.com/caselaws?id=464392 ITAT KOLKATA - AT upheld CIT(A)'s acceptance of the assessee's benchmarking of captive power sales at the SEB tariff, rejecting the TPO's lower rate and dismissing the Revenue's appeal in line with the SC precedent and an unchallenged earlier AY decision. The tribunal also affirmed that no disallowance under s.14A is warranted where no exempt income arose. Finally, ITAT allowed deduction under s.80G for compulsory CSR payments made to institutions registered under s.80G, overturning the AO's disallowance and following prior judicial precedents. en-us Tue, 26 Aug 2025 00:00:00 +0530 Mon, 27 Oct 2025 20:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464392 ITAT KOLKATA - AT upheld CIT(A)'s acceptance of the assessee's benchmarking of captive power sales at the SEB tariff, rejecting the TPO's lower rate and dismissing the Revenue's appeal in line with the SC precedent and an unchallenged earlier AY decision. The tribunal also affirmed that no disallowance under s.14A is warranted where no exempt income arose. Finally, ITAT allowed deduction under s.80G for compulsory CSR payments made to institutions registered under s.80G, overturning the AO's disallowance and following prior judicial precedents. Case-Laws Income Tax Tue, 26 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464392