https://www.taxtmi.com/caselaws?id=336040 The court held that the reference made by the Assistant Commissioner of Income Tax to the Transfer Pricing Officer (TPO) under Section 92CA(1) was within jurisdiction. The TPO will determine whether the transactions qualify as international transactions and if the parties are associated enterprises. The court emphasized procedural fairness and adherence to natural justice, directing fresh proceedings by the TPO. The petitioners' arguments on jurisdiction, international transactions, associated enterprises, past assessments, and consistency were left for the TPO to decide. The writ petitions were disposed of without costs. en-us Thu, 08 Dec 2016 00:00:00 +0530 Fri, 03 Feb 2017 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336040 The court held that the reference made by the Assistant Commissioner of Income Tax to the Transfer Pricing Officer (TPO) under Section 92CA(1) was within jurisdiction. The TPO will determine whether the transactions qualify as international transactions and if the parties are associated enterprises. The court emphasized procedural fairness and adherence to natural justice, directing fresh proceedings by the TPO. The petitioners' arguments on jurisdiction, international transactions, associated enterprises, past assessments, and consistency were left for the TPO to decide. The writ petitions were disposed of without costs. Case-Laws Income Tax Thu, 08 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336040