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2015 (6) TMI 88 - AT - Income TaxTransfer pricing adjustment - adjustment to the arm's length price of the 'international transactions' of call centre services - Held that:- DRP has not addressed any of the contentions raised by the assessee and has not given reasons or findings on the rejection of the comparables considered by the assessee. The Ld. DRP has simply mentioned that the AO has given cogent and detailed reasons for the same. In our considered opinion, the finding given by the Ld. DRP is not a speaking one and is not sustainable in the eyes of law. Therefore, in the interest of justice, we cancel the assessment order dated 19.10.2010 passed u/s. 143(3) r.w.s. 144C of the I.T. Act and remit back all the issues to the file of the Ld. DRP with the directions to properly consider and examine the issues in detail and give a finding on each of the contention raised by the assessee in its appeal and pass a speaking order thereon. - Decided in favour of assesse for statistical purposes.
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