HEADSTRONG SERVICES (INDIA) PVT. LTD.,NEW DELHI vs. DCIT, NEW DELHI

The Ld.D.R. sought an adjournment on the ground that the Sr.D.R. is not available. The Ld.Counsel for the assessee Shri Shailesh Kumar on the other hand submitted that the assessee had filed a Rectification Application u/s 154 of the Act before the Transfer pricing Officer (TPO) 1(2), New Delhi and that the T.P.O. vide order dt. 10.6.2014 has accepted this application and rectified his order. He submitted that the A.O. is not giving effect to this order passed by the TPO u/s 154 of the Act dated 10.6.2014 despite Headstrong Services (India) P.Ltd., New Delhi constant follow-up from their side. He submitted that if the A.O. passes consequential order in accordance with the order of the T.P.O. then the appeal in question will not survive.

The Ld.CIT, D.R. Smt. Renuka Jain requested for time to verify the matter.

After hearing rival contentions, we are of the considered opinion that this is not a fit case for grant of any further time to the Revenue. Hence we dispose this appeal after hearing the ld.Counsel for the assessee.

Heard Shri Shailesh Kumar, the Ld.Counsel for the assessee.

This averment is set aside to the file of the Assessing Officer with the direction that, he shall pass consequential assessment orders to incorporate the rectification order passed by the T.P.O. 1(2) dt. 10.6.2014 u/s 154 of the Act within 30 days of receipt of this order.

In the result the appeal of the assessee is allowed for statistical purposes. Order pronounced in the Open Court on 22nd June, 2016.