https://www.taxtmi.com/caselaws?id=400582 Cross appeals were filed by the assessee and revenue against the CIT(A)'s order for the assessment year 2011-12. The Tribunal directed the TPO to issue a show cause notice with proposed comparables and conduct a de novo assessment considering all evidence. The issue of aggregating expenses in the licensed manufacturing segment was remanded for a fresh assessment in compliance with Transfer Pricing provisions, ensuring the appellant's right to be heard. Both appeals were allowed for statistical purposes. en-us Tue, 27 Oct 2020 00:00:00 +0530 Wed, 11 Nov 2020 11:53:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400582 Cross appeals were filed by the assessee and revenue against the CIT(A)'s order for the assessment year 2011-12. The Tribunal directed the TPO to issue a show cause notice with proposed comparables and conduct a de novo assessment considering all evidence. The issue of aggregating expenses in the licensed manufacturing segment was remanded for a fresh assessment in compliance with Transfer Pricing provisions, ensuring the appellant's right to be heard. Both appeals were allowed for statistical purposes. Case-Laws Income Tax Tue, 27 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400582