https://www.taxtmi.com/caselaws?id=253564 The High Court allowed the writ petition, setting aside the Transfer Pricing Officer's order under Section 92CA(3) of the Income Tax Act. The Court clarified that issuing equity shares at a premium to a non-resident holding company does not fall under Chapter X jurisdiction. The Assessing Officer was directed to proceed with the Assessment Order under Section 143(3) of the Act. The rule was made absolute with no order as to costs. en-us Mon, 13 Oct 2014 00:00:00 +0530 Wed, 18 Feb 2015 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253564 The High Court allowed the writ petition, setting aside the Transfer Pricing Officer's order under Section 92CA(3) of the Income Tax Act. The Court clarified that issuing equity shares at a premium to a non-resident holding company does not fall under Chapter X jurisdiction. The Assessing Officer was directed to proceed with the Assessment Order under Section 143(3) of the Act. The rule was made absolute with no order as to costs. Case-Laws Income Tax Mon, 13 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253564