ITAT Quashes ₹85 Crore TP Adjustment as TPO Order Lacked Digital Signature

UCWEB Mobile Private Limited Vs DCIT (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT), Delhi, allowed the assessee’s appeals for Assessment Years 2017-18 and 2018-19 after holding that the Transfer Pricing Officer’s (TPO) order, which formed the basis of the transfer pricing adjustment, was released without authentication or a digital signature and was therefore invalid in law. The dispute arose from a transfer pricing order under Section 92CA(3) of the Income Tax Act proposing adjustments of ₹82.28 crore in respect of benchmarking Advertisement, Marketing and Promotion (AMP) expens...