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

13. After hearing the rival submissions and perused the material on record, we find that the AO calculated the adjustment in respect of the purchases made by the assessee from its Associated Enterprises on the same lines as was calculated in A.Y. 2015-16. We note that in A.Y. 2015-16, a reference was made to the Transfer Pricing Officer

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

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