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State DISCOM Tariff, Not IEX Rates, to Benchmark Captive Power Transfers Under Section 80-IA: ITAT Delhi
Case Law Details
- Case Name
- K.R. Pulp & apers Ltd Vs ACIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2021-22
- Courts
- All ITAT, ITAT Delhi
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K.R. Pulp & Papers Ltd Vs ACIT (ITAT Delhi)
Market Value of electricity supplied to Non-eligible Unit to be benchmarked at State Electricity Distribution Company’s tariff charged to industrial consumers and not IEX rates: ITAT Delhi
Conclusion: Transfer of electricity from eligible captive power units to non-eligible units was to be valued at the tariff charged by State Electricity Distribution Companies to industrial consumers and not at IEX trading rates. Transfer pricing adjustment and consequential denial of deduction under section 80-IA were deleted.
Held: Asses...
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