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Income Tax - Highlights / Catch Notes

Home Highlights November 2023 Year 2023 This

Value of electricity supplied for the purpose ALP and claim of ...


Electricity Sale Valuation Approved: Rs. 5.50/unit Matches Torrent Power Rate for Tax Deduction u/s 80IA.

November 3, 2023

Case Laws     Income Tax     AT

Value of electricity supplied for the purpose ALP and claim of deduction u/s. 80IA - The assessee has rightly computed the sale of electricity generated through its CPP by adopting Rs. 5.50 per unit being the supply of electricity rate by Torrent Power Ltd. for the purpose ALP and claim of deduction u/s. 80IA of the Act - AT

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