https://www.taxtmi.com/caselaws?id=404619 The court upheld the validity of the notice issued by the Transfer Pricing Officer (TPO) under the Income Tax Act for the assessment year 2016-17, finding the reference to the TPO justified due to the reasons for scrutiny. It also affirmed the legality of the draft order passed by the Deputy Commissioner of Income Tax and the jurisdiction of the Assessing Officer to refer the case to the TPO for determining the Arm's Length Price (ALP). The court concluded that the compliance with Central Board of Direct Taxes (CBDT) Instructions was met, dismissing the appeals and closing the connected miscellaneous petition without costs. en-us Wed, 17 Feb 2021 00:00:00 +0530 Wed, 07 Apr 2021 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404619 The court upheld the validity of the notice issued by the Transfer Pricing Officer (TPO) under the Income Tax Act for the assessment year 2016-17, finding the reference to the TPO justified due to the reasons for scrutiny. It also affirmed the legality of the draft order passed by the Deputy Commissioner of Income Tax and the jurisdiction of the Assessing Officer to refer the case to the TPO for determining the Arm's Length Price (ALP). The court concluded that the compliance with Central Board of Direct Taxes (CBDT) Instructions was met, dismissing the appeals and closing the connected miscellaneous petition without costs. Case-Laws Income Tax Wed, 17 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404619