https://www.taxtmi.com/caselaws?id=396366 The Tribunal held that the Principal Commissioner of Income Tax's invocation of jurisdiction under Section 263 was not justified as the transactions did not qualify as 'specified domestic transactions' under Section 92BA. The assessment order under Section 143(3) was deemed not erroneous or prejudicial to Revenue interests due to the non-referral to the Transfer Pricing Officer. The Tribunal allowed the assessee's appeal and quashed the order under Section 263. en-us Mon, 29 Jun 2020 00:00:00 +0530 Thu, 02 Jul 2020 08:22:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396366 The Tribunal held that the Principal Commissioner of Income Tax's invocation of jurisdiction under Section 263 was not justified as the transactions did not qualify as 'specified domestic transactions' under Section 92BA. The assessment order under Section 143(3) was deemed not erroneous or prejudicial to Revenue interests due to the non-referral to the Transfer Pricing Officer. The Tribunal allowed the assessee's appeal and quashed the order under Section 263. Case-Laws Income Tax Mon, 29 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396366