https://www.taxtmi.com/caselaws?id=266104 The Tribunal allowed the appeal of the assessee, setting aside the order confirming an upward adjustment under section 92CA(3) of the Income Tax Act. The Tribunal found that there was a violation of natural justice principles due to the failure to disclose the list of comparables and address concerns about their business activities. The case was remitted back to the Assessing Officer for a re-determination of the Arm's Length Price using external comparables and granting a reasonable opportunity of hearing to the assessee for a denovo assessment order. en-us Fri, 20 Jun 2014 00:00:00 +0530 Fri, 27 Feb 2015 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266104 The Tribunal allowed the appeal of the assessee, setting aside the order confirming an upward adjustment under section 92CA(3) of the Income Tax Act. The Tribunal found that there was a violation of natural justice principles due to the failure to disclose the list of comparables and address concerns about their business activities. The case was remitted back to the Assessing Officer for a re-determination of the Arm's Length Price using external comparables and granting a reasonable opportunity of hearing to the assessee for a denovo assessment order. Case-Laws Income Tax Fri, 20 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266104