Transfer pricing orders: sixty-day cutoff calculation clarified for March/December limitation dates; retrospective from 1 June 2007. Inserted sub section deems how the sixty day cutoff for Transfer Pricing Officer orders is calculated: if limitation expires 31 March (non leap) the order may be made up to 30 January; if 31 March (leap) up to 31 January; if 31 December up to 1 November. The deeming provision applies notwithstanding any court judgment and is retrospective to 1 June 2007.
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 orders: sixty-day cutoff calculation clarified for March/December limitation dates; retrospective from 1 June 2007.
Inserted sub section deems how the sixty day cutoff for Transfer Pricing Officer orders is calculated: if limitation expires 31 March (non leap) the order may be made up to 30 January; if 31 March (leap) up to 31 January; if 31 December up to 1 November. The deeming provision applies notwithstanding any court judgment and is retrospective to 1 June 2007.
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