https://www.taxtmi.com/highlights?id=38604 TPA - whether AO should have decided the issue of international transaction himself instead of referring it to Transfer Pricing Officer as the quantum of International Transaction is below the monetary limit of ₹ 5 crore? - If powers conferred on a particular authority are arrogated by other authority without mandate of law, it will create chaos in the administration of law and hierarchy of administration will mean nothing. Satisfaction of one authority cannot be substituted by the satisfaction of the other authority. - AT en-us Mon, 26 Mar 2018 08:37:57 +0530 Mon, 26 Mar 2018 08:37:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=38604 TPA - whether AO should have decided the issue of international transaction himself instead of referring it to Transfer Pricing Officer as the quantum of International Transaction is below the monetary limit of ₹ 5 crore? - If powers conferred on a particular authority are arrogated by other authority without mandate of law, it will create chaos in the administration of law and hierarchy of administration will mean nothing. Satisfaction of one authority cannot be substituted by the satisfaction of the other authority. - AT Highlights Income Tax Mon, 26 Mar 2018 08:37:57 +0530 https://www.taxtmi.com/highlights?id=38604