https://www.taxtmi.com/caselaws?id=284919 The Tribunal found that the assessment order based on the now-omitted Section 92BA(1) was invalid and annulled it. The Tribunal held that the omission of the provision meant it was deemed never to have existed, rendering any proceedings initiated under it invalid. Consequently, the reference to the Transfer Pricing Officer and the enhancement of income were also deemed unsustainable. The Tribunal set aside the orders and remanded the matter back to the Assessing Officer for re-adjudication in accordance with the law. en-us Wed, 01 May 2019 00:00:00 +0530 Tue, 17 Dec 2019 09:39:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284919 The Tribunal found that the assessment order based on the now-omitted Section 92BA(1) was invalid and annulled it. The Tribunal held that the omission of the provision meant it was deemed never to have existed, rendering any proceedings initiated under it invalid. Consequently, the reference to the Transfer Pricing Officer and the enhancement of income were also deemed unsustainable. The Tribunal set aside the orders and remanded the matter back to the Assessing Officer for re-adjudication in accordance with the law. Case-Laws Income Tax Wed, 01 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284919