Home Case Index All Cases Income Tax Income Tax + SCH Income Tax - 2024 (3) TMI SCH This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2024 (3) TMI 159 - SC ORDERPower of the TPO to determine ALP transaction as sham - As decided by HC [2014 (7) TMI 1387 - TELANGANA AND THE STATE OF ANDHRA PRADESH HIGH COURT] Transfer Pricing Officer is not empowered to hold the transaction as sham transaction - HELD THAT:- We are not inclined to interfere with the impugned judgment of the High Court. However, the questions of law with respect to the powers and jurisdiction of the Transfer Pricing Officer are kept open for being considered in an appropriate case. In view of the above, the Special Leave Petition is dismissed.
|