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2011 (11) TMI 111 - AT - Income TaxTransfer pricing - Order of Dispute Resolution Panel (DRP) - Non-speaking order not stating the objections raised by the assessee and the reasons have also not been given, simply the order of TPO and Assessing Officer are referred. - Held That:- In view of the decision of hon'ble Delhi HC in VODAFONE ESSAR LTD. versus DISPUTE RESOLUTION PANEL-II and ORS (2011 -TMI - 207599 - Delhi High Court) wherein it was held that, when a quasi-judicial authority deals with a lis, it is obligatory on its part to ascribe cogent and germane reasons as the same is the heart and soul of the matter and further, the same also facilitates appreciation when the order is called in question before the superior forum. - Matter remanded back to DRP.
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