INDIAN METALS AND FERRO ALLOYS LTD,BHUBANESWAR vs. DCIT, CIRCLE-1(1), BHUBANESWAR
In the result, the appeal filed by the assessee is partly allowed for statistical purposes
ITA 506/CTK/2024[2021-22]Status: DisposedITAT Cuttack19 Aug 2025AY 2021-22
Bench: Shri Duvvuru Rl Reddy(Kz) & Shri Rakesh Mishra
Section 143(1)Section 143(2)Section 143(3)Section 144C(5)Section 234BSection 234CSection 270ASection 92CSection 92D
VIA (section 80-IA), which was reduced by the aforesaid adjustment of Rs. 1.34 crores. Accordingly, the assessee's income under the normal provisions was determined at certain amount.
The DRP held that only the rates at which the assessee had sold power to SEB would be considered as an internal Comparable
Uncontrolled Price (CUP) and not the rates
