SOLAR TURBINES INDIA P.LTD,MUMBAI vs. DCIT 15(3)(2), MUMBAI
In the result, assessee’s appeal is partly allowed
ITA 1075/MUM/2016[2011-12]Status: DisposedITAT Mumbai02 Jan 2017AY 2011-12
Bench: Shri Rajendra & Shri Saktijit Deyआयकर अपीऱ सं. / Ita No. 1075/Mum./2016 (निर्धारण वषा / Assessment Year : 2011–12) Solar Turbines India Pvt. Ltd. (Formerly Known As Turbomach India P. Ltd.), 401, 402, 403, 4Th Floor ……………. Appellant Powai Plaza, Hiranandani Business Park Powai, Mumbai 400 076 Pan – Aabct7422R V/S Dy. Commissioner Of Income Tax Circle–15(3)(2), Aayakar Bhawan ……………. Respondent 101, M.K. Road, Mumbai 400 020 निर्धाररती की ओर से / Assessee By : Shri Arvind Sonde A/W Shri Ketan Ved रधजस्व की ओर से / Revenue By : Shri N.K. Chand सुिवधई की तधरीख / आदेश घोषणध की तधरीख / Date Of Hearing – 05.10.2016 Date Of Order – 02.01.2017 आदेश / Order शक्तिजीि दे, न्याययक सदस्य के द्वारा / Per Saktijit Dey, J.M.
For Appellant: Shri Arvind Sonde a/wFor Respondent: Shri N.K. Chand
Section 133(6)Section 143(3)Section 234ASection 271(1)(c)
section 143(3) of the Income Tax Act, 1961 (for short "the Act") for the
assessment year 2011–12, in pursuance to the directions of the Dispute Resolution Panel (DRP). Grounds raised by the assessee are reproduced below:–
“1. The learned Assessing Officer / Dispute Resolution Panel /
Transfer Pricing Officer have erred in making transfer pricing adjustment of Rs. 32
