https://www.taxtmi.com/caselaws?id=306962 The Tribunal allowed the appeal of the Assessee, holding that the order passed by the authorities below was bad in law and quashed it. The Tribunal found that the provision under section 92BA(i) of the Income Tax Act, 1961, had been omitted from the statute by the Finance Act, 2017, rendering any adjustment made based on that provision invalid. Therefore, the Tribunal declared the impugned order void ab initio and without jurisdiction, ultimately partly allowing the appeal on a technical basis without delving into the merits of the issue raised by the Assessee. en-us Wed, 23 Mar 2022 00:00:00 +0530 Fri, 10 Mar 2023 08:57:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306962 The Tribunal allowed the appeal of the Assessee, holding that the order passed by the authorities below was bad in law and quashed it. The Tribunal found that the provision under section 92BA(i) of the Income Tax Act, 1961, had been omitted from the statute by the Finance Act, 2017, rendering any adjustment made based on that provision invalid. Therefore, the Tribunal declared the impugned order void ab initio and without jurisdiction, ultimately partly allowing the appeal on a technical basis without delving into the merits of the issue raised by the Assessee. Case-Laws Income Tax Wed, 23 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306962