https://www.taxtmi.com/caselaws?id=190922 A transfer pricing reference made by an Assessing Officer without first considering the assessee's objections and passing a speaking order under CBDT Instruction No. 3/2016 was held unsustainable. The procedural safeguard requires an opportunity to show cause before reference to the Transfer Pricing Officer, followed by a reasoned order addressing objections. Because that mandatory step was omitted, the reference was quashed and the matter remanded to the Assessing Officer for fresh consideration in accordance with the instruction. en-us Wed, 16 Nov 2016 00:00:00 +0530 Thu, 09 Mar 2017 08:37:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190922 A transfer pricing reference made by an Assessing Officer without first considering the assessee's objections and passing a speaking order under CBDT Instruction No. 3/2016 was held unsustainable. The procedural safeguard requires an opportunity to show cause before reference to the Transfer Pricing Officer, followed by a reasoned order addressing objections. Because that mandatory step was omitted, the reference was quashed and the matter remanded to the Assessing Officer for fresh consideration in accordance with the instruction. Case-Laws Income Tax Wed, 16 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190922