DRP cannot approve conclusion of TPO without giving independent findings: Delhi HC

PCIT Vs Borgwarner Emissions Systems India Private Ltd. (Delhi High Court) Delhi High Court held that Dispute Resolution Panel [DRP] cannot merely approve the conclusion of TPO without giving independent findings. Accordingly, writ dismissed as no substantial question arise in the petition. Facts- The assessee company is engaged in manufacturing and marketing of Exhaust Gas Recirculation (EGR) System and its component for use by automotive industry with a registered office at New Delhi and a manufacturing facility at Manesar, Haryana. The present appeal assails the decision of the Income Tax ...