https://www.taxtmi.com/caselaws?id=391359 The Supreme Court found that the Assessing Officer breached mandatory instructions by not referring the matter to the Transfer Pricing Officer (TPO) in compliance with CBDT guidelines. The Court upheld the Tribunal's decision but directed the matter to be restored to the Assessing Officer for proper reference to the TPO as per CBDT Instruction No. 3/2003. Regarding the extension of benefits based on tax effect limit per Circular dated 08.08.2019, the Court dismissed the Review Petition as the matter was remanded for TPO reference, precluding the applicability of the Circular's benefits at that stage. en-us Thu, 23 Jan 2020 00:00:00 +0530 Sat, 25 Jan 2020 18:21:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391359 The Supreme Court found that the Assessing Officer breached mandatory instructions by not referring the matter to the Transfer Pricing Officer (TPO) in compliance with CBDT guidelines. The Court upheld the Tribunal's decision but directed the matter to be restored to the Assessing Officer for proper reference to the TPO as per CBDT Instruction No. 3/2003. Regarding the extension of benefits based on tax effect limit per Circular dated 08.08.2019, the Court dismissed the Review Petition as the matter was remanded for TPO reference, precluding the applicability of the Circular's benefits at that stage. Case-Laws Income Tax Thu, 23 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391359