Rates Charged By Power Distribution Companies And State Electricity Boards Can Be Considered To Determine Market Value: Delhi High Court
In a significant ruling, the Delhi High Court deliberated on the application of the Income Tax Act, 1961 in determining the Arm's Length Price (ALP) of electricity supplied by captive power plants to associated entities. The case primarily focuses on the use of the Comparable Uncontrolled Price (CUP) method to assess the market value of electricity under the regulations of the Electricity (Supply) Act, 1948 and the Electricity Act, 2003.…
