https://www.taxtmi.com/caselaws?id=357607 The Tribunal held that the reference to the Transfer Pricing Officer (TPO) by the Assessing Officer (AO) was illegal, as it did not comply with CBDT instructions. This rendered the assessment time-barred, leading to the allowance of additional grounds raised by the assessee. The Tribunal also supported the acceptance of the revised return filed by the assessee and disagreed with the TPO's methods and selection of comparables. As a result, the appeal of the assessee was allowed, and the assessment was deemed unsustainable. en-us Fri, 23 Mar 2018 00:00:00 +0530 Mon, 26 Mar 2018 08:37:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357607 The Tribunal held that the reference to the Transfer Pricing Officer (TPO) by the Assessing Officer (AO) was illegal, as it did not comply with CBDT instructions. This rendered the assessment time-barred, leading to the allowance of additional grounds raised by the assessee. The Tribunal also supported the acceptance of the revised return filed by the assessee and disagreed with the TPO's methods and selection of comparables. As a result, the appeal of the assessee was allowed, and the assessment was deemed unsustainable. Case-Laws Income Tax Fri, 23 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357607