ASSAM BIO ETHANOL PRIVATE LIMITED,GUWAHATI vs. ITO W-1(1), GUWAHATI, GUWAHATI

Appeal is partly allowed

Bench: The Drp Was That The

Section 143(3) r.w.s. 144C(13), r.w.s. 144B of the Income Tax Act, 1961 (hereafter “the Act”). 1.1 In this case, the assessee is seen to have entered into 04 international transactions, as detailed on page 2 of the DRP’s order. The point of dispute is a payment of Rs. 1,47,11,046/- to an Associated Enterprise