https://www.taxtmi.com/caselaws?id=213457 The Tribunal upheld the validity of the reference to the Transfer Pricing Officer (TPO) under section 92C(4) of the Income-tax Act, 1961, rejecting the argument that the reference was invalid based on a monetary threshold. The Tribunal clarified that the AO had the discretion to refer cases to the TPO regardless of transaction value. The Tribunal also directed a re-examination of the computation of deduction under section 80HHC for export of trading goods, emphasizing the allocation of only indirect costs attributable to trading goods. Other issues were either dismissed or remanded for further adjudication. en-us Fri, 06 Jan 2012 00:00:00 +0530 Mon, 21 May 2012 08:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213457 The Tribunal upheld the validity of the reference to the Transfer Pricing Officer (TPO) under section 92C(4) of the Income-tax Act, 1961, rejecting the argument that the reference was invalid based on a monetary threshold. The Tribunal clarified that the AO had the discretion to refer cases to the TPO regardless of transaction value. The Tribunal also directed a re-examination of the computation of deduction under section 80HHC for export of trading goods, emphasizing the allocation of only indirect costs attributable to trading goods. Other issues were either dismissed or remanded for further adjudication. Case-Laws Income Tax Fri, 06 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213457