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2011 (2) TMI 247 - ITAT DELHISet off and carry forward of unabsorbed depreciation - Scrutiny - Arm's length price - no show-cause notice was issued by the TPO prior to making adjustments - assessee was made aware of the TPO’s stand by way of this show cause letter and several opportunities of hearing - assessee should have been given a show cause notice and also copy of material gathered by TPO prior to making adjustments - In the interest of justice and equity, the assessee should have been given a show cause notice prior to making adjustments - Appeal is allowed by way of remand
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