In the result, the appeal of the assessee is partly allowed for statistical purposes

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdiaआ.अपी.सं /Ita No.1206/Hyd/2024 (निर्धारण वर्ा/Assessment Year:2021-22) M/S. Pioneer Hi-Bred Private Dy. Commissioner Of Income Tax, Vs. Circle 5(1), Hyderabad. Limited, Hyderabad. Pan: Aahcp6154C (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Shri Deepak Chopra & Ashmita Sharma, Advocates. रधजस् व द्वधरध/Revenue By: Dr. Narendra Kumar Naik,Cit-Dr सुिवधई की तधरीख/Date Of Hearing: 20/08/2025 घोर्णध की तधरीख/Pronouncement: 26/08/2025 आदेश/Order Per Madhusudan Sawdia, A.M. : This Appeal Is Filed By M/S. Pioneer Hi-Bred Private Limited (“The Assessee”), Feeling Aggrieved By The Final Assessment Order Passed By The Learned Assessing Officer (“Ld. Ao”) U/S. 143(3) R.W.S. 144C(13) R.W.S. 144B Of The Income Tax Act, 1961 (“The Act”) Dated 24.10.2024 For The A.Y. 2021-22. 2. The Assessee Has Raised The Following Grounds Of Appeal :

Transfer Pricing Officer (“Ld. TPO”). The Ld. TPO vide his order dated ITA No.1206/Hyd/2024 5 30.10.2023 suggested upward adjustment of Rs.25,22,53,310 /- on account of provision of R & D services. Accordingly, the Ld. AO passed the draft assessment order on 05.12.2023. 4. Aggrieved with the draft assessment order passed by the Ld. AO, the assessee preferred objection before