Disposed
Loconav India Pvt. Ltd. v. Assessment Unit Income Tax Department Delhi and Anr.
Delhi HCW.P.(C)/3416/2025
Case brief
AI extract
What is this about?
A writ petition challenged a transfer pricing order passed without considering the petitioner's reply to a show-cause notice. The Revenue conceded the error; the court set aside the TPO's order and the draft assessment order for AY 2022-23 and remanded the matter for fresh consideration.
What did the court decide?
TPO order under S.92CA(3) and draft assessment order for AY 2022-23 set aside; matter remanded to TPO/AO to consider afresh in light of petitioner's reply.