The Delhi High Court examined the validity of an order passed ...

Order u/s 92CA: High Court held that the AO's second reference post limitation period was unwarranted as TPO had already acted on ITAT's directions.

Case Laws Income Tax

May 23, 2024

The Delhi High Court examined the validity of an order passed u/s 92CA and jurisdiction to pass an assessment order post-limitation period. The court held that once the Transfer Pricing Officer (TPO) passed an order in accordance with ITAT directions, the Assessing Officer (AO) was obligated to pass an assessment order within nine months. The court found that the AO's failure to do so rendered a subsequent reference to the TPO unwarranted. The court emphasized that the ITAT directions did not require a fresh reference, and the AO's actions were legally unjustified. The court concluded that the AO was barred from passing further assessment orders for the relevant assessment year, granting relief to the petitioner.

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The Delhi High Court examined the validity of an order passed ...

Order u/s 92CA: High Court held that the AO's second reference post limitation period was unwarranted as TPO had already acted on ITAT's directions.

Case Laws Income Tax

May 23, 2024

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