2021 (6) TMI 1087

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...., AR. For the Revenue : Shri Sunil Kumar Pandey, DR. ORDER PER S.S. GODARA, J.M. : This assessee's appeal for AY.2013-14 arises against the CIT(A)-6, Hyderabad's order dt.01-08-2019 in appeal No.10079/2018-19/B3/CIT(A)-6, involving proceedings u/s.143(3) r.w.s.92CA(3) of the Income Tax Act, 1961 [in short, 'the Act']. Heard both the parties. Case file perused. 2. The assessee's s....

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....ending rate @14.45% on term deposits in the Transfer Pricing Officer's (TPO) order and upheld in the CIT(A)'s lower appellate order. 3. Learned CIT-DR's vehement contention is that the TPO as well as the CIT(A) have rightly treated the foregoing bench mark as per the short term deposit rate in the State Bank of India and therefore, the same deserves to be upheld. 4. We find no merit in Reven....