https://www.taxtmi.com/caselaws?id=770297 HC quashed assessment order adding 40% to Contractual Transfer Price without adequate justification or explanation. Court found Assessing Officer failed to provide basis for the addition and denied petitioner opportunity to respond to observations made in assessment order. Matter remanded for fresh assessment after affording petitioner opportunity to submit reply with supporting documents within three weeks and personal hearing. Fresh assessment order to be passed on merits in accordance with law. en-us Mon, 05 May 2025 00:00:00 +0530 Fri, 09 May 2025 09:12:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770297 HC quashed assessment order adding 40% to Contractual Transfer Price without adequate justification or explanation. Court found Assessing Officer failed to provide basis for the addition and denied petitioner opportunity to respond to observations made in assessment order. Matter remanded for fresh assessment after affording petitioner opportunity to submit reply with supporting documents within three weeks and personal hearing. Fresh assessment order to be passed on merits in accordance with law. Case-Laws VAT / Sales Tax Mon, 05 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770297