AdvertisementChanel (India) Private Limited Vs DCIT (ITAT Delhi) The Delhi ITAT allowed the assessee’s appeal against the assessment order passed under Sections 143(3) read with Sections 147 and 144C of the Income-tax Act, 1961 for Assessment Year 2012-13. The appeal challenged the reassessment proceedings and a transfer pricing adjustment of ₹3,08,28,457 arising from the treatment of subsidy income received from its associated enterprise as non-operating income. The assessee submitted that its original assessment had been completed under Section 143(3), the Transfer Pricing Officer had accepted it...