ITAT Remands TP Adjustment Issue as RPT Filter Was Not Properly Verified

Hyundai Motor India Engineering Private Limited Vs DCIT (ITAT Hyderabad) In this case, the assessee challenged the final assessment order dated 19 September 2024 passed under Sections 143(3), 144C(13), and 144B of the Income Tax Act for Assessment Year 2021-22. The assessee had originally filed its return declaring total income of ₹62.29 crore. After scrutiny and transfer pricing proceedings, the Transfer Pricing Officer (TPO) proposed a transfer pricing adjustment of ₹20.45 crore. Based on the TPO’s order, the Assessing Officer (AO) issued a draft assessment order, following which the D...