https://www.taxtmi.com/caselaws?id=469688 Under section 144C of the Income-tax Act, 1961, the Dispute Resolution Panel cannot direct fresh verification or remit objections to the Assessing Officer or Transfer Pricing Officer; its directions must address the objections before it, so the working capital adjustment direction in that form was not sustainable. The transfer-pricing exercise was also revisited on comparability, with M/s. Dynamatic Technologies Ltd. requiring reconsideration against the assessee's manufacturing profile and functional similarity, and the arm's length price to be recomputed accordingly. The matter was therefore remitted for fresh directions and reworking of the transfer-pricing analysis, without any final determination on the merits of the adjustment. en-us Wed, 12 Apr 2017 00:00:00 +0530 Mon, 29 Jun 2026 15:35:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469688 Under section 144C of the Income-tax Act, 1961, the Dispute Resolution Panel cannot direct fresh verification or remit objections to the Assessing Officer or Transfer Pricing Officer; its directions must address the objections before it, so the working capital adjustment direction in that form was not sustainable. The transfer-pricing exercise was also revisited on comparability, with M/s. Dynamatic Technologies Ltd. requiring reconsideration against the assessee's manufacturing profile and functional similarity, and the arm's length price to be recomputed accordingly. The matter was therefore remitted for fresh directions and reworking of the transfer-pricing analysis, without any final determination on the merits of the adjustment. Case-Laws Income Tax Wed, 12 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469688