2012 (4) TMI 715

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..... r) This appeal by the assessee preferred against the order of Dispute Resolution Panel, New Delhi (hereinafter referred as DRP) dated 30.8.2010 u/s 144C of the I.T. Act, 1961, dismissing the objections of the assessee to the draft assessment order dated 07.01.2010 of the ACIT, Circle 9(1), New Delhi. 2. The appellant/assessee submitted written objections relating to transfer pricing matter .....

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..... rder passed by the DRP was of cryptic nature and the order did not adjudicate all the objections and grounds submitted by the assessee before it. Ld. DR appearing for the revenue supported the order of the DRP with the submission that the DRP considered all the broadly covered grounds. 5. In this regard, the ld. Counsel for the assessee has made reference to the decision of the Hon ble Jurisdic .....

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..... ngs of the DRP are not before us, we are of the opinion that without dealing with the grounds submitted before us, the matter deserves to be remitted back to the DRP for proper adjudication on all the objections and grounds raised by the assessee, after fresh hearing of both the parties delivering a speaking elaborate order as per requirement of law and procedure accepted by the courts and also by .....

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