https://www.taxtmi.com/caselaws?id=177254 The High Court upheld the Tribunal's decision regarding challenges under the Income Tax Act. It dismissed the revenue's appeal against the Tribunal's order, stating that the Commissioner had no jurisdiction to set aside the Assessing Authority's order. The Court found issues with the Transfer Pricing Officer's order under Section 92CA, noting the absence of a valid return pending at the time of the reference. It emphasized that the Commissioner's intervention was unwarranted, as the Transfer Pricing Authority accepted the Assessing Authority's valuation. The Court affirmed the Tribunal's decision, dismissing the appeal and upholding the primary and consequential orders. en-us Mon, 25 Aug 2014 00:00:00 +0530 Tue, 05 Jan 2016 22:32:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177254 The High Court upheld the Tribunal's decision regarding challenges under the Income Tax Act. It dismissed the revenue's appeal against the Tribunal's order, stating that the Commissioner had no jurisdiction to set aside the Assessing Authority's order. The Court found issues with the Transfer Pricing Officer's order under Section 92CA, noting the absence of a valid return pending at the time of the reference. It emphasized that the Commissioner's intervention was unwarranted, as the Transfer Pricing Authority accepted the Assessing Authority's valuation. The Court affirmed the Tribunal's decision, dismissing the appeal and upholding the primary and consequential orders. Case-Laws Income Tax Mon, 25 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177254