ITAT Relief on Domestic Transfer Pricing

This appeal is preferred by the assessee against the order of AO passed consequent to the direction of the DRP, inter alia, on following grounds :

  1.  The order of the Deputy Commissioner of lncome Tax js against law and facts and circumstances of the case.
  2.  The order of the Deputy Commissioner Of Income Tax passed in pursuance of the  directions issued by the Dispute Resolution Panel (DRP) is against the principles of natural justice and without appreciation of material facts.
  3.  The Dispute Resolution Panel (DRP) ought to have noted that it has no power to enhance the disallowance without affording an opportunity to the appellant to argue and submit its reasons and objections.

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