Matter remanded to TPO as comparables were never examined before Trnasfer Pricing adjustments

IN THE ITAT MUMBAI BENCH ‘K’ Deputy Commissioner of Income-tax 2(1), Mumbai Versus CMA CGM Global India (P.) Ltd. IT Appeal No. 5979 (Mum) of 2010 C.O. No. 130 (Mum.) of 2011 [Assessment year  2005-06] NOVEMBER 21, 2012 ORDER Per Bench  The revenue has preferred this appeal, against order dated 5-5-2010, passed by CIT(A)-15, Mumbai for the quantum of assessment passed under Section 143(3) r.w.s. 92CA(3) of the Act, for the assessment year 2005-06 on the following grounds :- “1.  The order of the CIT(A) is opposed to law and facts of the case.  2.  On th...