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

31,37,156/-. The Assessing Officer by following the order of the Transfer Pricing Officer in A.Y. 2015-16 calculated the adjustment in respect of the purchases made by the assessee from its Associated Enterprises at Rs. 1,45,08,356/- and added the same to the income of the assessee, though, no reference was made to the Transfer Pricing

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

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