SCORPIO IRON LTD,PANAJI vs. ITO, WARD - 1(4), PANAJI

In the result, both appeals of the assessee are allowed

pricing adjustment made in the earlier assessment years have been set aside by the courts. Thus, when such conditions were not applicable and the Ld. CIT has also not specified as to which of the conditions laid down in the CBDT instructions have been violated or Assessing Officer has not followed the same, then no fault can be found

SHREE AMBEY FORGING PRIVAT LIMITED,PANAJI vs. ITO, WARD - (4), PANAJI

In the result, both appeals of the assessee are allowed