https://www.taxtmi.com/caselaws?id=447579 The Tribunal addressed two main issues. First, it found that the CIT (A) improperly dismissed the appeal without considering its merits, violating principles of natural justice. The Tribunal remanded the matter back to the CIT (A) to issue a detailed order after giving the appellant a fair hearing. Second, regarding the transfer pricing adjustment, the Tribunal sided with the appellant, noting flaws in the comparability analysis by the CIT (A) and TPO. It directed a reevaluation of the adjustment, allowing the appeal for statistical purposes. en-us Wed, 27 Dec 2023 00:00:00 +0530 Sat, 30 Dec 2023 09:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447579 The Tribunal addressed two main issues. First, it found that the CIT (A) improperly dismissed the appeal without considering its merits, violating principles of natural justice. The Tribunal remanded the matter back to the CIT (A) to issue a detailed order after giving the appellant a fair hearing. Second, regarding the transfer pricing adjustment, the Tribunal sided with the appellant, noting flaws in the comparability analysis by the CIT (A) and TPO. It directed a reevaluation of the adjustment, allowing the appeal for statistical purposes. Case-Laws Income Tax Wed, 27 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447579