https://www.taxtmi.com/caselaws?id=312251 ITAT Mumbai held that no Transfer Pricing adjustment can be made on domestic transactions after omission of clause (i) of section 92BA by Finance Act 2017, even for transactions undertaken in AY 2016-17. The Tribunal deleted the TP adjustment, following Delhi Bench precedent in Yorkn Tech case and coordinate bench decision in Maari Multi Trading. Revenue's request to remit matter to AO for examination under section 40A(2)(b) was rejected as AO had not recorded adverse findings regarding the transactions. Assessee's appeal was allowed. en-us Mon, 24 Apr 2023 00:00:00 +0530 Thu, 08 Feb 2024 18:14:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312251 ITAT Mumbai held that no Transfer Pricing adjustment can be made on domestic transactions after omission of clause (i) of section 92BA by Finance Act 2017, even for transactions undertaken in AY 2016-17. The Tribunal deleted the TP adjustment, following Delhi Bench precedent in Yorkn Tech case and coordinate bench decision in Maari Multi Trading. Revenue's request to remit matter to AO for examination under section 40A(2)(b) was rejected as AO had not recorded adverse findings regarding the transactions. Assessee's appeal was allowed. Case-Laws Income Tax Mon, 24 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312251