https://www.taxtmi.com/caselaws?id=327473 The Court held that transfer pricing adjustments should be limited to international transactions and not extended to all business transactions of the Assessee. It criticized the Revenue for inconsistency in its approach and emphasized the importance of maintaining a consistent legal position. The Court directed the Revenue to serve orders to relevant tax authorities and instructed them to provide information on record-keeping practices. The Respondent was also directed to inform the Central Board of Direct Taxes. The appeal was adjourned for the Revenue's counsel to address Court queries and ensure compliance with directions. en-us Mon, 18 Apr 2016 00:00:00 +0530 Wed, 11 May 2016 21:44:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327473 The Court held that transfer pricing adjustments should be limited to international transactions and not extended to all business transactions of the Assessee. It criticized the Revenue for inconsistency in its approach and emphasized the importance of maintaining a consistent legal position. The Court directed the Revenue to serve orders to relevant tax authorities and instructed them to provide information on record-keeping practices. The Respondent was also directed to inform the Central Board of Direct Taxes. The appeal was adjourned for the Revenue's counsel to address Court queries and ensure compliance with directions. Case-Laws Income Tax Mon, 18 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327473