Relief to Tata Steel: ITAT deletes Transfer Pricing Adjustment w.r.t. Power availed through Indian Energy Exchange [Read Order]

Indian Energy Exchange - Income Tax Appellate Tribunal - Transfer Pricing - Power availed - Income Tax - ITAT News - Tax News - Tata Steel Ltd - TAXSCAN

The Income Tax Appellate Tribunal (ITAT) Mumbai Bench has deleted the Transfer Pricing (TP) Adjustment in favour of Tata Steel Ltd. This decision was based on the observation that the rates obtained through the Indian Energy Exchange cannot be applied since they pertain to DISCOMs (power distribution companies) rather than end consumers. In the specified…

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