https://www.taxtmi.com/caselaws?id=441738 The Tribunal held that Transfer Pricing (TP) provisions did not apply to Specified Domestic Transactions (SDTs) due to the omission of section 92BA(i) by the Finance Act, 2017. The Tribunal directed the Assessing Officer (AO) to reexamine the issues related to TP methodology, Arm's Length Price (ALP) adjustment, treatment of unconfirmed creditors, and setting off of losses. The appeals were allowed for statistical purposes, with all issues remitted back to the AO for fresh examination and decision in accordance with the law, emphasizing the need for reasonable opportunities to the assessee and avoiding unnecessary adjournments. en-us Wed, 31 May 2023 00:00:00 +0530 Mon, 14 Aug 2023 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441738 The Tribunal held that Transfer Pricing (TP) provisions did not apply to Specified Domestic Transactions (SDTs) due to the omission of section 92BA(i) by the Finance Act, 2017. The Tribunal directed the Assessing Officer (AO) to reexamine the issues related to TP methodology, Arm's Length Price (ALP) adjustment, treatment of unconfirmed creditors, and setting off of losses. The appeals were allowed for statistical purposes, with all issues remitted back to the AO for fresh examination and decision in accordance with the law, emphasizing the need for reasonable opportunities to the assessee and avoiding unnecessary adjournments. Case-Laws Income Tax Wed, 31 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441738