https://www.taxtmi.com/caselaws?id=461098 ITAT Hyderabad quashed the final assessment order under sections 143(3) and 144C(13) for non-compliance with DRP directions. The DRP had directed AO/TPO to include a specific company in comparables and consider correct margins from annual reports for transfer pricing assessment. While TPO understood and implemented the directions, AO erroneously believed DRP confirmed TPO's original position and carried forward the upward adjustment unchanged. Following precedents, ITAT held that AO must comply with DRP directions, and any non-compliant order is without jurisdiction and void. The assessment order was quashed and assessee's appeal allowed. en-us Tue, 31 Oct 2023 00:00:00 +0530 Wed, 12 Mar 2025 19:03:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461098 ITAT Hyderabad quashed the final assessment order under sections 143(3) and 144C(13) for non-compliance with DRP directions. The DRP had directed AO/TPO to include a specific company in comparables and consider correct margins from annual reports for transfer pricing assessment. While TPO understood and implemented the directions, AO erroneously believed DRP confirmed TPO's original position and carried forward the upward adjustment unchanged. Following precedents, ITAT held that AO must comply with DRP directions, and any non-compliant order is without jurisdiction and void. The assessment order was quashed and assessee's appeal allowed. Case-Laws Income Tax Tue, 31 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461098