ACIT, CIRCLE-2(1), HYDERABAD vs. HINDUJA NATIONAL POWER CORPORATION LIMITED, HYDERABAD
In the result, the appeal of Revenue is allowed
ITA 235/HYD/2023[2016-17]Status: DisposedITAT Hyderabad08 Jan 2025AY 2016-17
Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha, Hon’Bleआ.अपी.सं / Ita No.235/Hyd/2023 (निर्धारण वर्ा / Assessment Year: 2016-17) The Assistant M/S. Hinduja National Power Commissioner Of Income Vs. Corporation Ltd. Tax, Circle 2(1), Hyderabad. Hyderabad. Pan : Aabch2426D अपीलार्थी / Appellant प्रत्यर्थी / Respondent निर्धाररती द्वधरध/Assessee By: Shri K. A. Sai Prasad, C.A. रधजस्व द्वधरध/Revenue By: Shri B. Bala Krishna, Cit-Dr.
For Appellant: Shri K. A. Sai Prasad, C.AFor Respondent: Shri B. Bala Krishna, CIT-DR
Section 143(3)Section 32(1)(iia)Section 32ASection 92C
gains on property sales.
3
Hinduja National Power Corporation Ltd.
Notices under sections 143(2) and 142(1) of the Act were issued, and the assessee provided necessary financial documents, including audit reports, annual reports, and transaction details.
The company entered into international transactions of ₹172.67
crore and Special Domestic Transactions of ₹30.89 crore. The Transfer Pricing Officer determined
