https://www.taxtmi.com/caselaws?id=247187 The Tribunal reiterated that the Commissioner cannot invoke revisionary jurisdiction under section 263 over a Transfer Pricing Officer's order passed under section 92CA(3), because there is no administrative control over the Transfer Pricing Officer. An assessment framed in conformity with the transfer pricing determination is bound by section 92CA(4) and cannot be reopened on the ground that the underlying transfer pricing order is allegedly erroneous or prejudicial to the Revenue. On that basis, the revisionary order was found to be without jurisdiction and was cancelled. en-us Fri, 20 Dec 2013 00:00:00 +0530 Tue, 29 Apr 2014 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247187 The Tribunal reiterated that the Commissioner cannot invoke revisionary jurisdiction under section 263 over a Transfer Pricing Officer's order passed under section 92CA(3), because there is no administrative control over the Transfer Pricing Officer. An assessment framed in conformity with the transfer pricing determination is bound by section 92CA(4) and cannot be reopened on the ground that the underlying transfer pricing order is allegedly erroneous or prejudicial to the Revenue. On that basis, the revisionary order was found to be without jurisdiction and was cancelled. Case-Laws Income Tax Fri, 20 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247187