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2021 (10) TMI 791 - AT - Income TaxTP Adjustment in respect of Specified Domestic Transactions - Reference to the TPO in respect of specified domestic transactions - claim of the expenditure in accordance with provisions of section 40A(2) - HELD THAT:- As consistent with the view taken by the Tribunal in AY 2015- 16 [2021 (2) TMI 793 - ITAT BANGALORE], we hold that the reference to the TPO in respect of specified domestic transaction mentioned in section 92BA(i) of the Act is not valid as the said provision has been omitted. Accordingly, we restore the matter to the file of the A.O. with a direction to examine the claim of the expenditure in accordance with the provisions of section 40A(2) of the Act. Appeal filed by the assessee is treated as allowed for statistical purposes.
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