A.O.'s Failure to Refer Transfer Pricing Issue to TPO u/s 263 Leads to Pr. CIT Jurisdiction.

A.O.'s Failure to Refer Transfer Pricing Issue to TPO u/s 263 Leads to Pr. CIT Jurisdiction. https://www.taxtmi.com/highlights?id=42872 Revision u/s 263 - it was incumbent upon the A.O. to refer the transfer pricing matter to the TPO. The A.O. having failed to do so, the case admittedly falls under the jurisdiction of the Pr. CIT as an order by the A.O. which is erroneous so as to be prejudicial to the interest of the Revenue. en-us Sat, 24 Nov 2018 08:31:07 +0530 Sat, 24 Nov 2018 08:31:07 +0530 TaxTMI RSS Generator A.O.'s Failure to Refer Transfer Pricing Issue to TPO u/s 263 Leads to Pr. CIT Jurisdiction. https://www.taxtmi.com/highlights?id=42872 Revision u/s 263 - it was incumbent upon the A.O. to refer the transfer pricing matter to the TPO. The A.O. having failed to do so, the case admittedly falls under the jurisdiction of the Pr. CIT as an order by the A.O. which is erroneous so as to be prejudicial to the interest of the Revenue. Highlights Income Tax Sat, 24 Nov 2018 08:31:07 +0530 https://www.taxtmi.com/highlights?id=42872