DRP must not have "perfunctory approach"- Delhi High Court

Brief:- The DRP, being an authority created under a statute and conferred with the powers, has the obligation to act as a body living to the expectations which the law mandates. The DRP has to afford adequate opportunity for personal hearing and deal with the issues urged by a speaking order which would reflect cogent reasons. This is apt to say so that no assessee can have any kind of apprehension that the approach to the DRP is perfunctory. Citation:- Ericsson AB versus Additional Director Of Income Tax Range 1, International Taxation New Delhi – W.P.(C) 689/2011 Court :- Delhi High Co...