https://www.taxtmi.com/caselaws?id=310361 The court dismissed the appellant's challenges against the orders of the DCIT and AO for the assessment year 2006-07, upholding the validity of the assessments under Section 143(3) and Section 144C(13) of the Act. The court found no breach of natural justice or procedural irregularities by the DRP. The discrepancies in assessed income, additions based on the Transfer Pricing Officer's determination, disallowance of prior period expenses, and depreciation on Computer Peripherals were deemed justified. The court also upheld the correctness of the Transactional Net Margin calculation by the DRP and AO. en-us Fri, 27 Jun 2014 00:00:00 +0530 Fri, 20 Oct 2023 10:16:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310361 The court dismissed the appellant's challenges against the orders of the DCIT and AO for the assessment year 2006-07, upholding the validity of the assessments under Section 143(3) and Section 144C(13) of the Act. The court found no breach of natural justice or procedural irregularities by the DRP. The discrepancies in assessed income, additions based on the Transfer Pricing Officer's determination, disallowance of prior period expenses, and depreciation on Computer Peripherals were deemed justified. The court also upheld the correctness of the Transactional Net Margin calculation by the DRP and AO. Case-Laws Income Tax Fri, 27 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310361