2018 (4) TMI 1739

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..... l with Mr. Ajit Sharma, Jr. Standing Counsel for the Revenue. ORDER Admit.  The Revenue urges three questions of law in ITA No.414/2018; the first is with respect to the deduction under Section 10A of the Income Tax Act, 1961, which is the only question urged in ITA No.413/2018.  The assessee had deducted certain expenditure from its export turnover. The Assessing Officer (hereafte .....

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..... adjustment.  This Court is of the opinion that there is no infirmity in the order of the ITAT.  The DRP's mechanism is an administrative and corrective process entitling the assessee to insist upon a second look in regard to the issues decided in the TPO's report.  Therefore, its decisions are binding and a part of the decision making process of the AO.  Prior to the amendment .....

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