https://www.taxtmi.com/caselaws?id=273768 The Supreme Court condoned delay and dismissed the special leave petition after noting that, in subsequent assessment years from 2007-08 onwards, the Transfer Pricing Officer had accepted the comparable uncontrolled price method for benchmarking the international transaction. On that basis, the Court saw no need for further immediate enquiry and stated that any alleged irregularity by officers, if established, was a matter for the Revenue to address through appropriate administrative action. The Court also expressly left the substantive question of law open and did not decide the merits of the challenge. en-us Mon, 28 Nov 2016 00:00:00 +0530 Fri, 13 Jul 2018 06:11:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273768 The Supreme Court condoned delay and dismissed the special leave petition after noting that, in subsequent assessment years from 2007-08 onwards, the Transfer Pricing Officer had accepted the comparable uncontrolled price method for benchmarking the international transaction. On that basis, the Court saw no need for further immediate enquiry and stated that any alleged irregularity by officers, if established, was a matter for the Revenue to address through appropriate administrative action. The Court also expressly left the substantive question of law open and did not decide the merits of the challenge. Case-Laws Income Tax Mon, 28 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273768