https://www.taxtmi.com/caselaws?id=215626 The High Court dismissed the appeals challenging the Tribunal's order under Section 260-A of the Income Tax Act, 1961 without expressing any opinion on the aspects. The Tribunal directed the Assessing Officer to reexamine the determination of the Arm's Length Price by the Transfer Pricing Officer, emphasizing the need for a fair and reasonable ALP. The matter was remanded back to the Assessing Officer, and despite the appellant raising substantial questions of law, the High Court found it unnecessary to consider them due to the nature of the Tribunal's remand order. The appeals were disposed of without further examination on merits. en-us Tue, 10 Jul 2012 00:00:00 +0530 Wed, 08 Aug 2012 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215626 The High Court dismissed the appeals challenging the Tribunal's order under Section 260-A of the Income Tax Act, 1961 without expressing any opinion on the aspects. The Tribunal directed the Assessing Officer to reexamine the determination of the Arm's Length Price by the Transfer Pricing Officer, emphasizing the need for a fair and reasonable ALP. The matter was remanded back to the Assessing Officer, and despite the appellant raising substantial questions of law, the High Court found it unnecessary to consider them due to the nature of the Tribunal's remand order. The appeals were disposed of without further examination on merits. Case-Laws Income Tax Tue, 10 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215626