Transfer Pricing on Power Supply Must Use Gross Electricity Tariff, Not Base Rate: ITAT Hyderabad

My Home Industries Private Limited Vs DCIT (ITAT Hyderabad)

The appeal before the Hyderabad Bench of the Income Tax Appellate Tribunal concerned assessment proceedings for Assessment Year 2018–19. The assessee was engaged in manufacturing Portland cement and generating power. The return of income was filed declaring total income of ₹120.24 crore. The case was selected for complete scrutiny, and since it involved specified domestic transactions, the Assessing Officer referred the matter to the Transfer Pricing Officer for determination of arm’s length price (ALP).

Durin

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