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2011 (2) TMI 1231 - DELHI HIGH COURTWrit petition - transfer pricing - Assessing Officer, while proceeding to frame the draft assessment order, has not kept in view the proviso to sub-section (3)(d) of section 92C of the Act - When the Transfer Pricing Officer had accepted the transfer pricing and had directed that no transfer pricing adjustment was required to be done, it was incumbent on the part of the Assessing Officer to follow the same in letter and spirit and that being binding on him as per the provisions contained in section 92CA(4) of the Act - Held that:- liberty granted to the petitioner to file the objections within one week in accordance with the provisions contained in sub-section (2) of section 144C, thereafter the Dispute Resolution Panel shall proceed in accordance with the postulates laid down in sub-sections (5) to (7) of section 144C of the Act, writ petition
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