MAHALAXMI CONTINENTAL LIMITED,GUWAHATI vs. INCOME TAX OFFICER (DCIT/ACIT CIR-1), GUWAHATI

In the result, both the appeals of the assessee are allowed

Bench: Shri Duvvuru Rl Reddy & Shri Rajesh Kumar

12. In the appellate proceedings, the ld. CIT(A) confirmed the order of the AO by holding as under: “5.3. Decision on Ground(s) of Appeal No(s). 2: The Appellant contended that the AO should not have made the addition of Rs. 50,64,220/-. It is observed from records that the Transfer Pricing Officer (TPO) had adopted Transactional

MAHALAXMI CONTINENTAL LIMITED,GUWAHATI vs. INCOME TAX OFFICER (DCIT/ACIT CIR-1), GUWAHATI

In the result, both the appeals of the assessee are allowed