ITAT Deletes TP Adjustment as Earlier Coordinate Bench Ruling Was Binding

Advertisement 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 challenge...