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2021 (5) TMI 848 - HC - Income TaxTP Adjustment - Compensation received on demerger of its mobile segment business - petitioner’s case that, since in the second order passed by the TPO, dated 31.01.2021, this aspect was left open for examination by the AO, the AO could not have taken recourse to the provisions of Section 92CA(4) of the Act, and made the addition without giving an opportunity to explain its stand - HELD THAT:- We tend to agree with the contentions made by petitioner. Since, the matter requires further examination, issue notice. Revenue accepts service on behalf of the respondents/revenue. Counter-affidavit will be filed within three weeks from today. Rejoinder thereto, if any, will be filed before the next date of hearing.
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