https://www.taxtmi.com/caselaws?id=404301 The Tribunal held that the reference to the TPO for specified domestic transactions under the omitted clause (i) of Section 92BA was invalid. Consequently, the addition of Rs. 2.23 Crores made by the A.O. was deleted. The matter was remanded to the A.O. to re-examine the claim of expenditure under Section 40A(2) of the Income Tax Act, following the Karnataka High Court's precedent. The appeal was allowed for statistical purposes. en-us Wed, 17 Feb 2021 00:00:00 +0530 Tue, 29 Oct 2024 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404301 The Tribunal held that the reference to the TPO for specified domestic transactions under the omitted clause (i) of Section 92BA was invalid. Consequently, the addition of Rs. 2.23 Crores made by the A.O. was deleted. The matter was remanded to the A.O. to re-examine the claim of expenditure under Section 40A(2) of the Income Tax Act, following the Karnataka High Court's precedent. The appeal was allowed for statistical purposes. Case-Laws Income Tax Wed, 17 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404301