https://www.taxtmi.com/caselaws?id=241844 The Tribunal held that the Dispute Resolution Panel (DRP) had the authority to modify the Transfer Pricing Officer's (TPO) order by enhancing adjustments, not limited to granting relief only. The DRP's power to enhance variations proposed in the draft order was affirmed under section 144C of the Income-tax Act. However, the Tribunal found that the assessee was not given a reasonable opportunity to be heard before the DRP, leading to the order being set aside for a fresh hearing. The appeal was allowed for statistical purposes, emphasizing the importance of ensuring a fair opportunity for the assessee to present their case before the DRP. en-us Fri, 19 Apr 2013 00:00:00 +0530 Tue, 09 Jul 2013 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241844 The Tribunal held that the Dispute Resolution Panel (DRP) had the authority to modify the Transfer Pricing Officer's (TPO) order by enhancing adjustments, not limited to granting relief only. The DRP's power to enhance variations proposed in the draft order was affirmed under section 144C of the Income-tax Act. However, the Tribunal found that the assessee was not given a reasonable opportunity to be heard before the DRP, leading to the order being set aside for a fresh hearing. The appeal was allowed for statistical purposes, emphasizing the importance of ensuring a fair opportunity for the assessee to present their case before the DRP. Case-Laws Income Tax Fri, 19 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241844