https://www.taxtmi.com/caselaws?id=788430 The tribunal deleted the transfer pricing adjustment for intra-company steam transfer after finding the DRP direction binding and no departmental appeal, restoring relief to the assessee. The claim to redetermine arm's length price of steam and increase the industrial deduction was remitted to the assessing officer for verification and fresh speaking orders with opportunity of hearing. Receipts from sale of renewable energy certificates were characterised as capital receipts and excluded from book profit for corporate tax computation. The suo-moto disallowance for exempt income was deleted where no exempt income arose. Computational discrepancies and rectification claims were remitted for AO verification. en-us Wed, 18 Mar 2026 00:00:00 +0530 Sat, 21 Mar 2026 08:29:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788430 The tribunal deleted the transfer pricing adjustment for intra-company steam transfer after finding the DRP direction binding and no departmental appeal, restoring relief to the assessee. The claim to redetermine arm's length price of steam and increase the industrial deduction was remitted to the assessing officer for verification and fresh speaking orders with opportunity of hearing. Receipts from sale of renewable energy certificates were characterised as capital receipts and excluded from book profit for corporate tax computation. The suo-moto disallowance for exempt income was deleted where no exempt income arose. Computational discrepancies and rectification claims were remitted for AO verification. Case-Laws Income Tax Wed, 18 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788430