ITAT Allows Audited Segmental Results as DRP Rejected Them Without Evidence

Mylan Pharmaceuticals Private Limited Vs ACIT (ITAT Mumbai) The appeal before the Income Tax Appellate Tribunal (ITAT), Mumbai, was filed by the assessee against the assessment order dated 23.01.2017, passed pursuant to the directions of the Dispute Resolution Panel (DRP) dated 28.11.2016. The principal dispute concerned a transfer pricing adjustment relating to the assessee’s Business Support Services segment and the rejection of its audited segmental results by the Transfer Pricing Officer (TPO) and the DRP. Background of the case: During the relevant assessment year, the assessee carried ...