Direction of DRP should be followed by TPO for calculation of TP adjustment: ITAT Kolkata

Linde India Limited Vs DCIT (ITAT Kolkata) ITAT Kolkata held that TPO should follow the direction of Hon’ble Dispute Resolution Panel (DRP). Accordingly, matter to the file of ld. TPO/AO for further calculation of TP adjustment by considering the direction of the Hon’ble DRP. Facts- Linde India is primarily engaged in the manufacture, storage and transmission of industrial gases as well as execution of turnkey cryogenic/gas engineering and project design requirements. During the impugned assessment year, the assessee has a transaction with its AE. In its TP Study Report, the assessee has a...