M/s JSW Steel Coated Products Limited vs DCIT Circle- 5(2) (1), Mumbai
Case No: ITA No. 5142/MUM/2024 (AY: 2015-16) and ITA No. 5143/MUM/2024 (AY: 2016-17)
Court: Income Tax Appellate Tribunal 'K' Bench, Mumbai
Date: 1/30/2026
Parties Involved
appellant/assesseeM/s JSW Steel Coated Products Limited
respondent/revenueDCIT Circle- 5(2) (1), Mumbai
Facts Summary
The case pertains to two appeals by the Revenue and cross-objections by the assessee, M/s JSW Steel Coated Products Limited, against the order of the CIT(A) for assessment years 2015-16 and 2016-17. The Revenue raised several grounds of appeal, primarily concerning the adjustment on inter-unit transfer of power from a captive power plant and the determination of arm's length price (ALP) for such transfers. The assessee had transferred a manufacturing unit and a Captive Power Plant (CPP) from Tar…
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Whether the CIT(A) was correct in deleting the adjustment on inter-unit transfer of power from the captive power plant.
- 2. Whether the CIT(A) was correct in relying on certain Supreme Court and High Court decisions in the context of the applicable provisions of the Income Tax Act.
6 more legal issues analysed in this judgement.
Precedents Relied Upon
13 precedents cited in this judgement.