https://www.taxtmi.com/highlights?id=60795 Upward TP adjustment on account of corporate guarantee - There has to be a proper determination as to whether there is prohibition of the imported goods. This exercise can be carried only by a “Proper Officer” and cannot be usurped by the third or fourth respondents or their counter parts in Chennai - Merely because the officers of the third and the fourth respondents have powers to investigate by itself means will not mean that they can insist on a “hands off approach” by a competent officer who have been given the powers to assess Bill of Entry filed by an importer. - AT en-us Mon, 06 Dec 2021 09:36:00 +0530 Mon, 06 Dec 2021 09:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60795 Upward TP adjustment on account of corporate guarantee - There has to be a proper determination as to whether there is prohibition of the imported goods. This exercise can be carried only by a “Proper Officer” and cannot be usurped by the third or fourth respondents or their counter parts in Chennai - Merely because the officers of the third and the fourth respondents have powers to investigate by itself means will not mean that they can insist on a “hands off approach” by a competent officer who have been given the powers to assess Bill of Entry filed by an importer. - AT Highlights Income Tax Mon, 06 Dec 2021 09:36:00 +0530 https://www.taxtmi.com/highlights?id=60795