Every Assessment Year is a Separate Unit, Assessment based on Its Peculiar Facts: Delhi HC dismisses Appeal by Akzonobel India [Read Order]

Assessment - Delhi - HC - dismisses - Appeal - Akzonobel - TAXSCAN

Ina major setback to M/s Akzonobel India Private Limited, the Delhi High Court has dismissed the appeal and held that every Assessment Year is a separate unit which is governed by its own peculiar facts. The Appellant challenged the order of the ITAT wherein the Tribunal held that the transfer pricing adjustment amounting to Rs.1,94,65,250/-…

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