https://www.taxtmi.com/caselaws?id=761548 ITAT Mumbai allowed the appeal for statistical purposes and remanded the matter to the AO. The tribunal found that the AO erred in making transfer pricing adjustments without issuing a show cause notice and failing to provide adequate hearing opportunity. The AO also disregarded documentary evidence submitted by the appellant to substantiate receipt of intra-group services and benefits. The tribunal directed the AO to reconsider the comprehensive evidence including additional documentation and decide the issues afresh while providing proper hearing opportunity to determine correct income. en-us Mon, 11 Nov 2024 00:00:00 +0530 Tue, 12 Nov 2024 08:54:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761548 ITAT Mumbai allowed the appeal for statistical purposes and remanded the matter to the AO. The tribunal found that the AO erred in making transfer pricing adjustments without issuing a show cause notice and failing to provide adequate hearing opportunity. The AO also disregarded documentary evidence submitted by the appellant to substantiate receipt of intra-group services and benefits. The tribunal directed the AO to reconsider the comprehensive evidence including additional documentation and decide the issues afresh while providing proper hearing opportunity to determine correct income. Case-Laws Income Tax Mon, 11 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761548