ITAT Sends Back Case After TPO Ignored Rectification Claim in Segmental Financials

Rockwell Automation Private Limited Vs ACIT (ITAT Delhi) In this case involving , the assessee challenged the assessment order passed under Section 143(3) read with Section 144C(13) of the Income-tax Act for AY 2017-18. The appeal was restored by the ITAT through a miscellaneous application only for adjudication of Ground Nos. 5, 6, and 7 relating to transfer pricing adjustments, corrected segmental financials, and working capital/risk adjustments. With respect to Ground No. 5, the assessee argued that during assessment proceedings it had submitted updated and corrected margins for certain com...