https://www.taxtmi.com/caselaws?id=274350 The court addressed issues related to transfer pricing adjustments for Arms Length Price (ALP) in business transactions. It emphasized the need for clarity on whether ALP adjustments should apply only to international transactions or all business dealings. The Revenue's inconsistency in presenting court orders led to the directive for implementing a system to record legal questions admitted or dismissed. Affidavits were filed to address these concerns, with proposals for a legal corner on the Income Tax Department's website to enhance transparency. The court directed the Principal Chief Commissioner to provide a timeline for implementing the proposed system, ensuring consistency and transparency in legal proceedings. en-us Fri, 06 May 2016 00:00:00 +0530 Thu, 09 Aug 2018 21:49:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274350 The court addressed issues related to transfer pricing adjustments for Arms Length Price (ALP) in business transactions. It emphasized the need for clarity on whether ALP adjustments should apply only to international transactions or all business dealings. The Revenue's inconsistency in presenting court orders led to the directive for implementing a system to record legal questions admitted or dismissed. Affidavits were filed to address these concerns, with proposals for a legal corner on the Income Tax Department's website to enhance transparency. The court directed the Principal Chief Commissioner to provide a timeline for implementing the proposed system, ensuring consistency and transparency in legal proceedings. Case-Laws Income Tax Fri, 06 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274350