AO Failed to Issue Show Cause Notice for Transfer Pricing Adjustment, Violating Section 92CA(1) of Income Tax Act.

AO Failed to Issue Show Cause Notice for Transfer Pricing Adjustment, Violating Section 92CA(1) of Income Tax Act. https://www.taxtmi.com/highlights?id=47695 TP adjustment - effect of non issue of SCN by AO - Though the AO records reasons and even gets those reasons approved by CIT and clearly mentions the reasons for reference in the referral letter but fails to show cause the same to assessee. The said act of Assessing Officer is in contradiction to the provisions of section 92CA(1) en-us Thu, 04 Jul 2019 09:24:31 +0530 Thu, 04 Jul 2019 19:45:20 +0530 TaxTMI RSS Generator AO Failed to Issue Show Cause Notice for Transfer Pricing Adjustment, Violating Section 92CA(1) of Income Tax Act. https://www.taxtmi.com/highlights?id=47695 TP adjustment - effect of non issue of SCN by AO - Though the AO records reasons and even gets those reasons approved by CIT and clearly mentions the reasons for reference in the referral letter but fails to show cause the same to assessee. The said act of Assessing Officer is in contradiction to the provisions of section 92CA(1) Highlights Income Tax Thu, 04 Jul 2019 09:24:31 +0530 https://www.taxtmi.com/highlights?id=47695