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2 results for “transfer pricing”+ Section 92C(2)clear

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Key Topics

Section 92C4Section 802Section 80I2Section 143(2)2Section 143(3)2Transfer Pricing2

GODAWARI POWER AND ISPAT LTD.,RAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, NATIONAL INFORMATICS CENTER, DELHI, DELHI

In the result, appeal of the assessee is allowed

ITA 42/RPR/2022[2017-18]Status: DisposedITAT Raipur24 Apr 2023AY 2017-18

Bench: SHRI RAVISH SOOD (Judicial Member), SHRI ARUN KHODPIA (Accountant Member)

For Respondent: Smt. Ila M. Parmar, CIT-DR
Section 142(1)Section 143(2)Section 270ASection 80Section 80ISection 92BSection 92C

92C, read with section 80-IA, of the Income-tax Act, 1961 - Transfer pricing - Computation of arm’s length price (Adjustments - Others) - Assessment years 2017-18 and 2018-19 - Assessee had a captive thermal power plant, in respect of which deduction under section 80-IA was claimed - It had also entered into specific domestic transaction with its AEs in respect

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