https://www.taxtmi.com/caselaws?id=791528 The article discusses several transfer pricing and related tax issues in an ITAT Delhi ruling. It records deletion of the corporate guarantee fee adjustment and software cost mark-up adjustment, following earlier years and accepted benchmarking. For captive power and electricity transactions, the Tribunal held that State Electricity Board rates to industrial consumers are the relevant benchmark, and rejected exchange-based or supplier-side averages, while remanding the matter for verification. It also held that the same power adjustment could not trigger a double disallowance under section 80-IA, deleted the section 14A disallowance where no exempt income was earned, and remanded the education cess and section 234A issues for factual reconsideration. en-us Fri, 08 May 2026 00:00:00 +0530 Wed, 13 May 2026 08:36:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791528 The article discusses several transfer pricing and related tax issues in an ITAT Delhi ruling. It records deletion of the corporate guarantee fee adjustment and software cost mark-up adjustment, following earlier years and accepted benchmarking. For captive power and electricity transactions, the Tribunal held that State Electricity Board rates to industrial consumers are the relevant benchmark, and rejected exchange-based or supplier-side averages, while remanding the matter for verification. It also held that the same power adjustment could not trigger a double disallowance under section 80-IA, deleted the section 14A disallowance where no exempt income was earned, and remanded the education cess and section 234A issues for factual reconsideration. Case-Laws Income Tax Fri, 08 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791528