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4 results for “transfer pricing”+ Section 92C(3)clear

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Key Topics

Section 2638Section 80A(6)6Section 143(3)6Section 92B3Section 254(1)2Section 80A2Section 801A2Comparables/TP2

DY. CIT, CENTRAL CIRCLE-2(2), NAGPUR vs. GOPANI IRON AND POWER(INDIA) PVT. LTD., MUMBAI

In the result, all the grounds of appeal raised by revenue are rejected

ITA 139/NAG/2025[2018-19]Status: DisposedITAT Nagpur27 Mar 2026AY 2018-19

Bench: Shri Pawan Singh & Shrikhettra Mohan Roy

Section 254(1)Section 801ASection 80ASection 80A(6)

92C of the Act r.w.r. Rule 10B of Income Tax Rules. Electricity is a standardized and fungible commodity, the characteristics of which remain constant regardless of whether it is supplied by a generator or distributed by the licensee. Therefore, the functional attributes of the entities have no bearing on the comparability of price for benchmarking purpose under the CUP method

DY. CIT, CENTRAL CIRCLE-2(2), NAGPUR vs. GOPANI IRON AND POWER(INDIA) PVT. LTD., MUMBAI

In the result, all the grounds of appeal raised by revenue are rejected

ITA 138/NAG/2025[2017-18]Status: DisposedITAT Nagpur27 Mar 2026AY 2017-18

Bench: Shri Pawan Singh & Shrikhettra Mohan Roy

Section 254(1)Section 801ASection 80ASection 80A(6)

92C of the Act r.w.r. Rule 10B of Income Tax Rules. Electricity is a standardized and fungible commodity, the characteristics of which remain constant regardless of whether it is supplied by a generator or distributed by the licensee. Therefore, the functional attributes of the entities have no bearing on the comparability of price for benchmarking purpose under the CUP method

SUNIL NARAYANDAS KHATOD ,AKOLA vs. COMMISSIONER OF INCOME TAX -1, NAGPUR

In the result, appeal of the Assessee is Partly Allowed

ITA 134/NAG/2019[2014-15]Status: DisposedITAT Nagpur21 Nov 2023AY 2014-15

Bench: Shri S.S.Godara & Dr. Dipak P. Ripoteआयकर अपील सं. / Ita No.134/Nag/2019 िनधा"रण वष" / Assessment Year : 2014-15 Sunil Narayndas Khatod, The Commissioner Of Nagpuri Gin Compound, Vs Income Tax-1, Behind Old Cotton Market, Nagpur. Nagpur – 444001. Pan: Adepk3087C Appellant/ Assessee Respondent/Revenue Assessee By Shri Rajesh V.Loya – Ca Revenue By Shri Kailash G. Kanojiya – Sr.Dr Date Of Hearing 21/09/2023 Date Of Pronouncement 21/11/2023

Section 143(3)Section 263Section 92B

Price of “Specified 6 Sunil Narayandas Khatod [A] Domestic Transactions”. The Section 92BA was amended by Finance Act, 2017, the pre-amended section 92BA as on 2014 is reproduced here under : 92BA. For the purposes of this section and sections 92, 92C, 92D and 92E, “specified domestic transaction” in case of an assessee means any of the following transactions

M/S S.B.COTGIN PVT LTD ,NAGPUR vs. PR.CIT-2, NAGPUR

In the result, appeal of the assessee is allowed

ITA 88/NAG/2020[2015-16]Status: DisposedITAT Nagpur05 Jul 2021AY 2015-16

Bench: Shri Inturi Rama Rao & Shri Partha Sarathi Chaudhuryआयकर अपील सं. / Ita No. 88/Nag/2020 धनधाारण वषा / Assessment Year : 2015-16

For Appellant: Shri Abhay N. AgarwalFor Respondent: Shri Pradeep Hedaoo
Section 143(3)Section 263Section 40A(2)(b)Section 92B

92C and 92CA are pari-materia to each other, the implications of the order of the Hon’ble High Court (supra.) would also squarely apply to the specified domestic transactions exceeding Rs.5 Crores in respect of Section 92BA of the Act. 4.3 The Ld. Pr. Commissioner of Income Tax in his order also observed that Explanation (2) to Section