Appeal Dismissed as Delay of Over 8 Years Held Unreasonable for Giving Effect to Tribunal Order

Deputy/ACIT Vs Blue Yonder India Pvt. Ltd. (Karnataka High Court) The Karnataka High Court dismissed the Revenue’s intra-court appeal challenging the order of a Single Judge directing refund of taxes with interest to the assessee. The case related to Assessment Year 2003–04, where the assessee’s return was subjected to scrutiny and transfer pricing adjustments. The Commissioner (Appeals) partly allowed the assessee’s appeal, following which both parties approached the Tribunal. By order dated 3 April 2017, the Tribunal remitted certain issues to the Transfer Pricing Officer (TPO) for f...