Sec. 92, 92B, 92C, 115JB, 199 of Income Tax act, 1961 – Transfer Pricing – The assessee preferred an appeal against the assessment order passed by the AO in pursuance of the Directions of the DRP under section 143(3) read with section 144C of the Act, 1961 saying that the order of TPO/AO and directions of the DRP are based on incorrect interpretation of law and therefore are bad in law. Further, TPO and the AO grossly erred in determining a transfer pricing adjustment on account of the interest on outstanding receivables amounting to Rs. 3,25,37,057 and also on various grounds. ITAT allowed the appeal directing AO to verify and consider the claim of assessee based upon the documents filed in accordance with law – LOTUS LABS P. LTD. Vs. DEPUTY CIT [2020] 79 ITR (TRIB) 295 (ITAT–BANGALORE)