https://www.taxtmi.com/caselaws?id=264178 The tribunal concluded that the draft assessment order was valid as it was passed within a reasonable time, but the Transfer Pricing Officer's order was time-barred. Consequently, the transfer pricing adjustment based on the time-barred TPO order was deleted from the final assessment order, rendering it invalid. The tribunal partially allowed the appeal, highlighting the significance of complying with statutory time limits in transfer pricing assessments. en-us Tue, 15 Sep 2015 00:00:00 +0530 Sat, 19 Sep 2015 06:00:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264178 The tribunal concluded that the draft assessment order was valid as it was passed within a reasonable time, but the Transfer Pricing Officer's order was time-barred. Consequently, the transfer pricing adjustment based on the time-barred TPO order was deleted from the final assessment order, rendering it invalid. The tribunal partially allowed the appeal, highlighting the significance of complying with statutory time limits in transfer pricing assessments. Case-Laws Income Tax Tue, 15 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264178