https://www.taxtmi.com/caselaws?id=407038 The Tribunal held that the Transfer Pricing adjustment for Specified Domestic Transactions (SDT) under the omitted clause (i) of section 92BA was invalid following the decision of the High Court of Karnataka. The addition made by the Assessing Officer based on this reference was to be deleted. However, the matter was remanded to the Assessing Officer to examine expenditures under section 40A(2) of the Income-tax Act for fair assessment practices. The appeal by the assessee was allowed for statistical purposes. en-us Thu, 22 Apr 2021 00:00:00 +0530 Thu, 08 Jul 2021 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407038 The Tribunal held that the Transfer Pricing adjustment for Specified Domestic Transactions (SDT) under the omitted clause (i) of section 92BA was invalid following the decision of the High Court of Karnataka. The addition made by the Assessing Officer based on this reference was to be deleted. However, the matter was remanded to the Assessing Officer to examine expenditures under section 40A(2) of the Income-tax Act for fair assessment practices. The appeal by the assessee was allowed for statistical purposes. Case-Laws Income Tax Thu, 22 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407038