ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE-1(1), RAIPUR vs. M/S ANIMESH ISPAT PRIVATE LIMITED, RAIPUR
ITA 14/RPR/2021[2016-17]Status: DisposedITAT Raipur28 Apr 2023AY 2016-17
Bench: Shri Ravish Sood & Shri Arun Khodpiaआयकर अपील सं. / Ita No. 14/Rpr/2021 "नधा"रण वष" / Assessment Year : 2016-17 The Acit-1(1) 1St Floor, Aaykar Bhawan Civil Lines, Raipur(C.G.)-492001 .......अपीलाथ" / Appellant बनाम / V/S. M/S. Animesh Ispat Private Limited Block-A, 2Nd Floor Maruti Business Park, G.E.Road Raipur (C.G.)-492001 Pan : Aaeca9084F ……""यथ" / Respondent
For Appellant: Shri Amit Jain, AdvocateFor Respondent: Smt. Ila.M.Parmar, CIT-DR
Section 143(2)Section 143(3)Section 40A(2)(b)Section 92C
section 40A(2)(b) of the Act.
Accordingly, the AO made a reference u/s. 92CA(1) of the Act to the Transfer Pricing Officer (TPO) for computing the Arm’s Length Price (ALP) of the aforesaid Specified Domestic Transaction.
4. The TPO on perusing the Specified Domestic Transaction of the assessee company, observed that the latter had purchased power from