https://www.taxtmi.com/caselaws?id=209261 The Supreme Court addressed the application of transfer pricing principles in a case where the assessee challenged the jurisdiction under the Income-tax Act. The Court directed the assessee to pursue pending proceedings before various authorities to establish foundational facts properly. Emphasizing the importance of exhausting statutory remedies, the Court instructed prompt resolution of pending matters independently from previous judgments. Subsequently, the special leave petition was disposed of, and the stay order was vacated. The decision aimed to ensure procedural adherence, fair resolution, and impartiality in tax disputes. en-us Mon, 25 Oct 2010 00:00:00 +0530 Thu, 25 Jul 2013 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209261 The Supreme Court addressed the application of transfer pricing principles in a case where the assessee challenged the jurisdiction under the Income-tax Act. The Court directed the assessee to pursue pending proceedings before various authorities to establish foundational facts properly. Emphasizing the importance of exhausting statutory remedies, the Court instructed prompt resolution of pending matters independently from previous judgments. Subsequently, the special leave petition was disposed of, and the stay order was vacated. The decision aimed to ensure procedural adherence, fair resolution, and impartiality in tax disputes. Case-Laws Income Tax Mon, 25 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209261