https://www.taxtmi.com/caselaws?id=794510 The Tribunal held that an appeal challenging transfer pricing adjustment had become infructuous where the Transfer Pricing Officer, after DRP directions, had passed a rectified order under section 154 allowing the working capital adjustment and reducing the proposed adjustment to nil, but the final assessment had not yet given effect to that order and the assessee's rectification application remained pending. As the Revenue fairly conceded these facts, the appeal was dismissed as infructuous. Liberty was reserved to seek restoration if, after disposal of the rectification application, the rectified order was still not reflected in the final assessment. en-us Fri, 05 Jun 2026 00:00:00 +0530 Tue, 07 Jul 2026 08:39:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794510 The Tribunal held that an appeal challenging transfer pricing adjustment had become infructuous where the Transfer Pricing Officer, after DRP directions, had passed a rectified order under section 154 allowing the working capital adjustment and reducing the proposed adjustment to nil, but the final assessment had not yet given effect to that order and the assessee's rectification application remained pending. As the Revenue fairly conceded these facts, the appeal was dismissed as infructuous. Liberty was reserved to seek restoration if, after disposal of the rectification application, the rectified order was still not reflected in the final assessment. Case-Laws Income Tax Fri, 05 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794510