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Delhi High Court Holds IEX Rates as Unreliable for Benchmarking Arm’s Length Price of Electricity Under Section 80IA(8), Emphasizes SEB Rates as Appropriate Comparable Uncontrolled Price for Internal Power Transfers
Court’s Decision: The Delhi High Court dismissed the Revenue's appeal against the ITAT's decision, confirming that electricity rates from the Indian Energy Exchange (IEX) could not be used as a…