Advance Power Display Systems Ltd. Versus Asstt. Commissioner of Income Tax - Income Tax - Case Laws

Advance Power Display Systems Ltd. Versus Asstt. Commissioner of Income Tax - Income Tax - ITAT MUMBAI - Tri - Transfer pricing adjustment - Held that - The relevant points raised on behalf of the assessee do not find any mention or proper discussion in DRP s direction which it is obliged to do so. The DRP is a quasi judicial authority and when dealing with a lis pending before it, it is obligatory on its part to ascribe cogent reasons as to why the assessee s contentions are not acceptable. In ................................... Income Tax - Case Laws