https://www.taxtmi.com/caselaws?id=384968 The Tribunal upheld the Capacity Utilization Adjustment, directing the Assessing Officer/Transfer Pricing Officer to follow the procedure outlined in the assessee's own case. The Tribunal upheld the exclusion of certain comparables, noting the mitigating impact of the capacity utilization adjustment. The Tribunal found the assessment order void ab initio for violating Section 144C, allowing the additional ground of appeal. The appeal of the Revenue was partly allowed for statistical purposes, the cross-objection of the assessee became academic, and the appeal of the assessee was allowed. en-us Tue, 02 Jul 2019 00:00:00 +0530 Tue, 27 Aug 2019 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384968 The Tribunal upheld the Capacity Utilization Adjustment, directing the Assessing Officer/Transfer Pricing Officer to follow the procedure outlined in the assessee's own case. The Tribunal upheld the exclusion of certain comparables, noting the mitigating impact of the capacity utilization adjustment. The Tribunal found the assessment order void ab initio for violating Section 144C, allowing the additional ground of appeal. The appeal of the Revenue was partly allowed for statistical purposes, the cross-objection of the assessee became academic, and the appeal of the assessee was allowed. Case-Laws Income Tax Tue, 02 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384968