Transfer Pricing Officer authority expanded to include other international transactions noticed during proceedings and survey powers added. The amendment treats any other international transaction discovered by the Transfer Pricing Officer during his proceedings as if referred by the Assessing Officer, bringing such transactions within Chapter X for arm's length price determination; it also confers on the Transfer Pricing Officer the survey powers available to income-tax authorities to facilitate that determination.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transfer Pricing Officer authority expanded to include other international transactions noticed during proceedings and survey powers added.
The amendment treats any other international transaction discovered by the Transfer Pricing Officer during his proceedings as if referred by the Assessing Officer, bringing such transactions within Chapter X for arm's length price determination; it also confers on the Transfer Pricing Officer the survey powers available to income-tax authorities to facilitate that determination.
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