https://www.taxtmi.com/caselaws?id=249380 The Tribunal allowed the assessee's appeal, upholding the Assessing Officer's (AO) rectification under section 154 as justified. The AO's rectification withdrawing relief for Multicat Coby (MC) was deemed necessary as it lacked legal basis. The Tribunal emphasized the importance of the AO aligning actions with Transfer Pricing Officer's (TPO) directions and ensuring the assessee's right to appeal is preserved. The matter of MC's adjustment was directed to be reconsidered by the AO, emphasizing adherence to due process and providing the assessee with a fair opportunity to present its case. en-us Wed, 25 Jun 2014 00:00:00 +0530 Sat, 12 Jul 2014 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249380 The Tribunal allowed the assessee's appeal, upholding the Assessing Officer's (AO) rectification under section 154 as justified. The AO's rectification withdrawing relief for Multicat Coby (MC) was deemed necessary as it lacked legal basis. The Tribunal emphasized the importance of the AO aligning actions with Transfer Pricing Officer's (TPO) directions and ensuring the assessee's right to appeal is preserved. The matter of MC's adjustment was directed to be reconsidered by the AO, emphasizing adherence to due process and providing the assessee with a fair opportunity to present its case. Case-Laws Income Tax Wed, 25 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249380