TPO can select method other then the one selected by Assessee to determine true income

ITAT HYDERABAD BENCH ‘A’ Deputy Commissioner of Income-tax versus Hellosoft India (P.)Ltd. IT Appeal Nos. 645 (HYD.) OF 2009 & 1411 of 2010 C.O. No. 40 (Hyd.) of 2009 Assessment Years 2005-06 & 2006-07 Date of Pronouncement – 15.01.2013 ORDER SaktijitDey, Judicial Member – The appeal filed by the department and the Cross Objection filed by the assessee are directed against the order dated 13-3-2009 of CIT (A)-III, Hyderabad pertaining to the assessment year 2005-06. 2. The department has raised the following effective grounds:- “1. The lea...