https://www.taxtmi.com/caselaws?id=31859 The court held that the Transfer Pricing Officer (TPO) must grant an oral hearing before determining the Arm's Length Price (ALP) for international transactions, as required by Section 92CA(3) of the Act. Failure to do so violates principles of natural justice and renders the decision invalid. The court set aside impugned orders in multiple cases due to various procedural irregularities, directing the TPO to restart proceedings from the show cause notice stage, allowing petitioners to present evidence and have a personal hearing. Compliance with fair procedures and disclosure of relevant information were emphasized throughout the judgments. en-us Fri, 19 Dec 2008 00:00:00 +0530 Tue, 09 Jul 2013 09:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31859 The court held that the Transfer Pricing Officer (TPO) must grant an oral hearing before determining the Arm's Length Price (ALP) for international transactions, as required by Section 92CA(3) of the Act. Failure to do so violates principles of natural justice and renders the decision invalid. The court set aside impugned orders in multiple cases due to various procedural irregularities, directing the TPO to restart proceedings from the show cause notice stage, allowing petitioners to present evidence and have a personal hearing. Compliance with fair procedures and disclosure of relevant information were emphasized throughout the judgments. Case-Laws Income Tax Fri, 19 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31859