Case Law Analysis
|Income Tax Appellate Tribunal
Section 144C IT Act | Binding DRP Directions Mandatory; REC Receipts Are Capital, Not Revenue : ITAT Delhi
ITAT Delhi sets aside ₹107 crore transfer pricing adjustment, ruling that Dispute Resolution Panel (DRP) directions under Section 144C are binding on Assessing Officers. The tribunal also held that Renewable Energy Certificates (RECs) qualify as capital receipts, impacting tax liability for energy sector enterprises.