Vedanta Ltd Tax Appeal 2015-16: ITAT Delhi Order

Quick Summary

This Income Tax Appellate Tribunal (ITAT) Delhi order concerns an appeal by M/s. Vedanta Limited for the assessment year 2015-16. The appeal challenges an order passed by the Assessing Officer, following directions from the Dispute Resolution Panel (DRP) and Transfer Pricing Officer (TPO). Vedanta Limited, involved in oil and gas exploration and production, had entered into international and specified domestic transactions with associated enterprises during the relevant year.

Court :
ITAT New Delhi

Brief :
Appellant, M/s. Vedanta Limited (hereinafter referred to as ‘the taxpayer’) by filing the present appeal sought to set aside theimpugned order dated 28/11/2019 passed by the Assessing Officer(AO) in consonance with the orders passed by the ld. DRP/TPO under section 143 (3) read with section 144C of the Income-tax Act, 1961 (for short ‘the Act’) qua the assessment year 2015-16 on the grounds inter alia that :-

Citation :
ITA No. 9495/Del./2019

Daily Limit Reached