https://www.taxtmi.com/caselaws?id=306737 The Tribunal found that the Transfer Pricing Officer (TPO) and Dispute Resolution Panel (DRP) violated principles of natural justice by not considering detailed contentions raised by the assessee. They incorrectly considered total sales for Transfer Pricing adjustments, failed to address objections, and did not evaluate contentions properly. Consequently, the Tribunal remitted the issue back to the Assessing Officer/TPO for reconsideration, emphasizing the need for a fair assessment process. The appeal was allowed for statistical purposes, stressing the importance of upholding natural justice principles and conducting assessments objectively. en-us Fri, 18 Sep 2015 00:00:00 +0530 Thu, 23 Feb 2023 02:54:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306737 The Tribunal found that the Transfer Pricing Officer (TPO) and Dispute Resolution Panel (DRP) violated principles of natural justice by not considering detailed contentions raised by the assessee. They incorrectly considered total sales for Transfer Pricing adjustments, failed to address objections, and did not evaluate contentions properly. Consequently, the Tribunal remitted the issue back to the Assessing Officer/TPO for reconsideration, emphasizing the need for a fair assessment process. The appeal was allowed for statistical purposes, stressing the importance of upholding natural justice principles and conducting assessments objectively. Case-Laws Income Tax Fri, 18 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306737