https://www.taxtmi.com/caselaws?id=413739 The Tribunal found the reference to the Transfer Pricing Officer under Section 92BA(i) invalid due to its omission, rendering the transfer pricing adjustment unsustainable. The matter was remanded to the Assessing Officer to re-examine expenditure claims under Section 40A(2) to prevent undue tax benefits. The Tribunal's decision aligned with previous rulings and emphasized compliance with tax laws. The appeal was allowed for statistical purposes, directing the AO to reassess claims accordingly. en-us Mon, 11 Oct 2021 00:00:00 +0530 Tue, 19 Oct 2021 08:24:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413739 The Tribunal found the reference to the Transfer Pricing Officer under Section 92BA(i) invalid due to its omission, rendering the transfer pricing adjustment unsustainable. The matter was remanded to the Assessing Officer to re-examine expenditure claims under Section 40A(2) to prevent undue tax benefits. The Tribunal's decision aligned with previous rulings and emphasized compliance with tax laws. The appeal was allowed for statistical purposes, directing the AO to reassess claims accordingly. Case-Laws Income Tax Mon, 11 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413739