https://www.taxtmi.com/caselaws?id=363514 The Tribunal declared the assessment orders invalid as the reference to the Transfer Pricing Officer (TPO) for determining the Arm's Length Price (ALP) of international transactions was deemed invalid due to the transaction amount being below the prescribed limit, making the assessment order time-barred and void-ab-initio. Consequently, the other grounds of appeal, including the disallowance of depreciation on computer peripherals, were not adjudicated. The Tribunal allowed the additional ground challenging the legality of the TPO reference, leading to the invalidation of the assessment orders. en-us Fri, 06 Jul 2018 00:00:00 +0530 Fri, 13 Jul 2018 06:14:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363514 The Tribunal declared the assessment orders invalid as the reference to the Transfer Pricing Officer (TPO) for determining the Arm's Length Price (ALP) of international transactions was deemed invalid due to the transaction amount being below the prescribed limit, making the assessment order time-barred and void-ab-initio. Consequently, the other grounds of appeal, including the disallowance of depreciation on computer peripherals, were not adjudicated. The Tribunal allowed the additional ground challenging the legality of the TPO reference, leading to the invalidation of the assessment orders. Case-Laws Income Tax Fri, 06 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363514