TE CONNECTIVITY INDIA PRIVATE LIMITED,BANGALORE vs. THE OFFICE OF THE DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE 7(1)(1), BANGALORE
In the result, the appeal of the assessee is partly allowed for statistical purposes
ITA 2346/BANG/2024[2021-22]Status: DisposedITAT Bangalore10 Oct 2025AY 2021-22
Bench: Shri Waseem Ahmed & Shri Keshav Dubey
For Appellant: Shri Darpan Kriplani, CAFor Respondent: Dr. KJ Dhivya, CIT (DR)
154 of the Act wherein he recomputed the amount of notional interest on delayed receivable at Rs. 3,68,918/- only. Hence, the TPO in
IT(TP)A No.2346/Bang/2024
Page 18 of 44
rectification order reduced the interest adjustment from Rs. 58,83,783/- to Rs. 3,68,918/- only.
30.1 The learned DRP in principle confirmed the view