In the result, appeal filed by the assessee is allowed for statistical purposes
Bench: Shri Vijay Pal Rao, Vice-A N D Shri Manjunatha, G. & आ.अपी.सं /Ita No.86/Hyd/2022 (िनधा"रण वष"/Assessment Year: 2017-18) Benu Networks Packet Switch Vs. Dy. Commissioner Of Income Tax, Circle 1(1) Private Ltd, Hyderabad Hydrabad Pan:Aaecb4902B (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri Ashish Jain, Ca राज" व "ारा/Revenue By:: Shri B Balakrishna, Dr सुनवाई की तारीख/Date Of Hearing: 13/11/2024 घोषणा की तारीख/Pronouncement: 25/11/2024 आदेश/Order
144B of the I.T. Act, 1961 in pursuant to the directions of the DRP dated 7/12/2021 passed u/s 144C(5) of the I.T. Act, 1961 for the A.Y 2017-18. The assessee has raised the following grounds of appeal: “Ground No.1 The learned TPO grossly erred in conducting independent search in wrongly applying the proviso below Rule