https://www.taxtmi.com/caselaws?id=389620 Failure by the Assessing Officer to give effect to Dispute Resolution Panel directions in a transfer pricing matter rendered the final assessment void; the Transfer Pricing Officer later implemented the DRP directions and the AO attempted rectification under rectification procedure, but the tribunal held such rectification could not cure the original nullity since the AO deliberately ignored the DRP's binding directions. Consequently the tribunal quashed the assessment and allowed the taxpayer's grounds challenging the transfer pricing adjustment. en-us Tue, 10 Dec 2019 00:00:00 +0530 Tue, 03 Feb 2026 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389620 Failure by the Assessing Officer to give effect to Dispute Resolution Panel directions in a transfer pricing matter rendered the final assessment void; the Transfer Pricing Officer later implemented the DRP directions and the AO attempted rectification under rectification procedure, but the tribunal held such rectification could not cure the original nullity since the AO deliberately ignored the DRP's binding directions. Consequently the tribunal quashed the assessment and allowed the taxpayer's grounds challenging the transfer pricing adjustment. Case-Laws Income Tax Tue, 10 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389620