M/S GREAVES TRAVEL INDIA PVT. LTD.,,NEW DELHI vs. ACIT, NEW DELHI

Assessee by Mr. Satyajeet Goel, CA Revenue by Mr. Sandeep KumarMishra, Sr. DR Date of Hearing 01.08.2019 Date of Pronouncement 02.09.2019 ORDER PER NARASIMHA K. CHARY, JM Aggrieved by the order dated 24/11/2016 passed under section 143(3) read with section 144C (13) of the Income Tax Act, 1961 (for short “the Act”), pursuant to the directions dated 30/9/2016 issued by the Ld. Dispute Resolution Panel (DRP)-I, New Delhi (Ld. DRP), M/s Greaves travel India private limited (“the assessee”) filed this appeal mainly contesting the rejection of the Cost Plus Method (CPM) adopted by the assessee as the Most Appropriate Method for determination of the Arm’s Length Price