https://www.taxtmi.com/caselaws?id=393398 The Tribunal allowed the appeal, declaring the Assessing Officer's reference to the Transfer Pricing Officer invalid and directing the deletion of a transfer pricing adjustment of Rs. 10.14 crore. The Tribunal held that the reference did not meet the requirements of Instruction No. 3/2016 issued by the CBDT, as the conditions for mandatory reference to the TPO were not satisfied. Consequently, the transfer pricing adjustment was deemed invalid solely on legal grounds, without considering its merits. en-us Mon, 09 Mar 2020 00:00:00 +0530 Fri, 13 Mar 2020 14:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393398 The Tribunal allowed the appeal, declaring the Assessing Officer's reference to the Transfer Pricing Officer invalid and directing the deletion of a transfer pricing adjustment of Rs. 10.14 crore. The Tribunal held that the reference did not meet the requirements of Instruction No. 3/2016 issued by the CBDT, as the conditions for mandatory reference to the TPO were not satisfied. Consequently, the transfer pricing adjustment was deemed invalid solely on legal grounds, without considering its merits. Case-Laws Income Tax Mon, 09 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393398