ITAT Orders Exclusion of Comparable as DRP Had Already Held It Functionally Different

Extreme Labs India Private Limited Vs National Faceless Assessment Centre ( ITAT Delhi) The Delhi Income Tax Appellate Tribunal considered an appeal filed against the assessment order passed under Sections 143(3), 144C(13), and 144B of the Income Tax Act for Assessment Year 2021-22. The assessee challenged various transfer pricing adjustments and alleged non-compliance by the Assessing Officer (AO) and Transfer Pricing Officer (TPO) with the directions issued by the Dispute Resolution Panel (DRP). The assessee, an Indian private limited company, was engaged in the business of marketing and dis...