https://www.taxtmi.com/caselaws?id=78228 SC held that no interference was warranted because applying transfer pricing principles to purely domestic related-party transactions is generally revenue neutral; under-invoicing of sales and over-invoicing of expenses typically offset each other. The Court noted exceptions in two circumstances where neutrality may not obtain and observed that statutory provisions such as s.40A(2) and s.80IA(10) should be amended to expressly empower the Assessing Officer to adjust income with regard to fair market value in related-party domestic dealings. CBDT was directed to examine the issue. en-us Tue, 26 Oct 2010 00:00:00 +0530 Wed, 15 Jul 2026 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78228 SC held that no interference was warranted because applying transfer pricing principles to purely domestic related-party transactions is generally revenue neutral; under-invoicing of sales and over-invoicing of expenses typically offset each other. The Court noted exceptions in two circumstances where neutrality may not obtain and observed that statutory provisions such as s.40A(2) and s.80IA(10) should be amended to expressly empower the Assessing Officer to adjust income with regard to fair market value in related-party domestic dealings. CBDT was directed to examine the issue. Case-Laws Income Tax Tue, 26 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78228