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2020 (12) TMI 1371 - AT - Income TaxTP Adjustment - selection of comparable - HELD THAT:- As observed that DRP/TPO for year under consideration did not consider objections raised by assessee against comparables selected by Ld.TPO and simply followed DRP directions issued for AY 2014-15. As AY: 2014-15 has been set aside by this Tribunal, we deem it fit and proper to remit the issues to file of Ld.AO/TPO for taking necessary action of passing a speaking order by granting fair opportunity to assessee of being heard. It is also observed that all these are pending before lower authorities and we find no reason adjudicate these issues at this stage - we set aside all issues to Ld.AO for readjudication of issues in the light' of the findings given in earlier years. Disallowance of provision for onerous contract - HELD THAT:- AR could not prove from the records that the same has been debited to profits & Loss account. Accordingly we reject this ground. However, assessee may claim such amount in relevant year of Accrual. Accordingly Ground stands dismissed.
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