https://www.taxtmi.com/caselaws?id=244079 The Tribunal allowed both appeals, quashing the Transfer Pricing Officer's order for exceeding jurisdiction in determining the Arm's Length Price and declaring transactions as sham. Additionally, the Tribunal ruled the reopening of assessment under section 147 for the earlier year invalid due to lack of new material and full disclosure by the assessee. en-us Fri, 23 Aug 2013 00:00:00 +0530 Tue, 18 Feb 2014 06:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244079 The Tribunal allowed both appeals, quashing the Transfer Pricing Officer's order for exceeding jurisdiction in determining the Arm's Length Price and declaring transactions as sham. Additionally, the Tribunal ruled the reopening of assessment under section 147 for the earlier year invalid due to lack of new material and full disclosure by the assessee. Case-Laws Income Tax Fri, 23 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244079