TAT Mumbai Finds DRP’s Summary Rejection Unjustified

Dresser-Rand India Pvt. Ltd. Vs ACIT (ITAT Mumbai) Rejection of objection by DRP in summary manner unjustified hence matter remitted back: ITAT Mumbai ITAT Mumbai held that it is not open to Dispute Resolution Panel (DRP) to reject the objections of the assessee in a summary manner without properly analyzing the objections of the assessee and dealing with evidences filed by the assessee. Thus, matter remitted back to file of AO for fresh adjudication. Facts- Vide the present appeal, the appellant has contested that the Transfer Pricing Officer (TOP); AO and DRP erred in confirming the additio...