https://www.taxtmi.com/caselaws?id=447751 ITAT Mumbai held that a Transfer Pricing Officer's order passed under section 92CA(3) was time-barred and liable to be quashed. The TPO passed the order on 30/01/2021, but the 60-day period under section 153(1) read with section 92C(3) expired on 30/03/2021, requiring the order to be passed by 29/01/2021. Following the Pfizer Healthcare India Pvt Ltd precedent from Madras HC, the tribunal ruled the TPO order was barred by limitation and allowed the assessee's appeal. en-us Fri, 27 Oct 2023 00:00:00 +0530 Wed, 03 Jan 2024 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447751 ITAT Mumbai held that a Transfer Pricing Officer's order passed under section 92CA(3) was time-barred and liable to be quashed. The TPO passed the order on 30/01/2021, but the 60-day period under section 153(1) read with section 92C(3) expired on 30/03/2021, requiring the order to be passed by 29/01/2021. Following the Pfizer Healthcare India Pvt Ltd precedent from Madras HC, the tribunal ruled the TPO order was barred by limitation and allowed the assessee's appeal. Case-Laws Income Tax Fri, 27 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447751