M/S NECTAR LIFESCIENCE LTD.,CHANDIGARH vs. DCIT, C-1(1), CHANDIGARH
In the result, appeal of the assessee is allowed
ITA 1497/CHANDI/2019[2015-16]Status: DisposedITAT Chandigarh17 Feb 2022AY 2015-16
For Appellant: Shri Yogesh Monga, CAFor Respondent: Shri Sarabjeet Singh, CIT, DR
Section 144C(13)Section 144C(5)Section 271Section 80
TP study report the assessee had shown transfer of power from eligible unit to non eligible unit of Rs. 312,676,063/-. The TPO noted that the assessee had shown the price of electricity power at Rs. 6.72 per unit as against the average rate of power traded for Punjab region, ascertained from the website of the Indian Energy
Exchange
