Transfer Pricing Assessment without obtaining Assesses objections not valid

IN THE ITAT DELHI BENCH ‘E’ Headstrong Services India (P.) Ltd. Versus Assistant Commissioner of Income-tax IT Appeal NO. 5466 (DELHI) OF 2011 [Assessment year 2007-08] JULY 17, 2012 ORDER K.G. Bansal, Accountant Member In this appeal, the assessee has taken up 14 grounds. Ground Nos. 1 & 2 are general in nature. Ground Nos. 3 to 7 deal with adjustment made by the AO in the total income on account of “transfer pricing”. Ground Nos. 8 to 10 deal with other additions made to the total income returned by the assessee. Ground Nos. 11 to 14 are in respe...