ITAT Delhi Remands Transfer Pricing Case Due to Alleged Double Addition of TP Adjustments

Mitsui Prime Advanced Composites India Private Limited Vs ITO (ITAT Delhi) The appeal before the Income Tax Appellate Tribunal (ITAT), Delhi Bench, arose from the assessment order dated 31.03.2021 passed by the Assessing Officer/National E-Assessment Centre under Sections 143(3), 144C(13), 143(3A), and 143(3B) of the Income-tax Act for Assessment Year 2016-17. The assessee challenged the assessment order passed pursuant to the directions issued by the Dispute Resolution Panel (DRP). The assessee had filed its return of income declaring nil income on 30.11.2016. The case was selected for comple...