ITAT Deletes TP Adjustment as Earlier Coordinate Bench Ruling Was Binding

LANXESS India Pvt. Ltd. Vs ACIT (ITAT Mumbai) ITAT Removes TP Addition Because Revenue Failed to Show Distinguishing Facts; ITAT Deletes ALP Adjustment Because Services Were Already Accepted in Earlier Year; Transfer Pricing Addition Set Aside Because Prior ITAT Decision Remained Binding; ITAT Deletes ₹61.22 Crore TP Adjustment Because Facts Were Materially Identical. The appeal before the ITAT Mumbai concerned the assessment order passed for Assessment Year 2022-23 under sections 143(3) read with sections 144C(13) and 144B of the Income-tax Act, 1961. The assessee challenged several aspects...