ITAT Mumbai Quashes CIT(A) Remand Over Clerical Error, Orders TP Issue on Merits

LTIMindtree Limited Vs ACIT (ITAT Mumbai) Reference to Sec.144 a Clerical Error – Tribunal Says AO Had Framed Order u/s 143(3) ITAT Mumbai allowed the assessee’s appeal & directed CIT(A) to adjudicate on merits. The Tribunal held that CIT(A) wrongly treated assessment as ex parte u/s 144 & remanded it, instead of deciding the substantive issue of Transfer Pricing adjustment Assessee, a global IT services company, filed return declaring income of Rs.1738.57 crore. AO completed assessment on 19.12.2023 u/s 143(3) r.w.s. 144B after considering assessee’s submissions & made a TP ...