DRP Directs TPO to Reassess Comparable Entities in Transfer Pricing Case; AO Cannot Amend Final Order.

DRP Directs TPO to Reassess Comparable Entities in Transfer Pricing Case; AO Cannot Amend Final Order. https://www.taxtmi.com/highlights?id=66360 TP adjustment - DRP gave clear directions to the TPO to re-examine the inclusion of comparable - the jurisdictional AO has become functus officio once the final assessment order is passed and that there is no authority for him to pass any order modifying the final assessment order. - AT en-us Fri, 04 Nov 2022 14:09:01 +0530 Fri, 04 Nov 2022 14:09:01 +0530 TaxTMI RSS Generator DRP Directs TPO to Reassess Comparable Entities in Transfer Pricing Case; AO Cannot Amend Final Order. https://www.taxtmi.com/highlights?id=66360 TP adjustment - DRP gave clear directions to the TPO to re-examine the inclusion of comparable - the jurisdictional AO has become functus officio once the final assessment order is passed and that there is no authority for him to pass any order modifying the final assessment order. - AT Highlights Income Tax Fri, 04 Nov 2022 14:09:01 +0530 https://www.taxtmi.com/highlights?id=66360