https://www.taxtmi.com/caselaws?id=206257 The court upheld the Commissioner's action under section 263 for referring international transactions to the Transfer Pricing Officer despite their value being below 5 crores, as the Assessing Officer failed to verify arm's length pricing. However, the court set aside the Commissioner's action regarding "commission expenses" and "general charges," ruling that the Assessing Officer had conducted adequate inquiries. The appeal was disposed of with a mixed outcome, favoring the revenue on the first issue and the assessee on the second. en-us Mon, 16 May 2011 00:00:00 +0530 Fri, 11 Aug 2017 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206257 The court upheld the Commissioner's action under section 263 for referring international transactions to the Transfer Pricing Officer despite their value being below 5 crores, as the Assessing Officer failed to verify arm's length pricing. However, the court set aside the Commissioner's action regarding "commission expenses" and "general charges," ruling that the Assessing Officer had conducted adequate inquiries. The appeal was disposed of with a mixed outcome, favoring the revenue on the first issue and the assessee on the second. Case-Laws Income Tax Mon, 16 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206257