Delhi HC Quashes Rs. 26.52 Cr Income Tax Addition on Power Pricing, Upholds SEB Rates for S. 80IA Deduction [Read Order]
Delhi HC ruled that power traded on IEX was not comparable to the power supplied by SEBs and upheld SEB rates for deduction claims under section 80IA
By Franklin Joshva - On March 21, 2025 6:06 pm - 2 mins read
The Delhi High Court quashed the addition of Rs.26.52 crore on DCM Shriram Ltd. stating that SEB rates were appropriate to determine the market value of power transactions for claiming deduction under section 80IA of the Income Tax Act. The case began when the Transfer Pricing Officer (TPO) proposed an adjustment of ₹30.83 crore. The…
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