https://www.taxtmi.com/caselaws?id=313408 The ITAT Delhi held that transfer pricing adjustments for specified domestic transactions under section 92BA were invalid following the omission of clause (i) by Finance Act 2017 effective 01.04.2017. Following Karnataka HC precedent in PCIT vs. Texport Overseas Pvt. Ltd, the tribunal ruled that the omitted provision rendered the AO's decision and TPO reference under section 92CA invalid and bad in law. The assessee's appeal was allowed, establishing that no transfer pricing adjustments could be made for specified domestic transactions post-omission. en-us Thu, 20 Jul 2023 00:00:00 +0530 Thu, 11 Apr 2024 13:33:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313408 The ITAT Delhi held that transfer pricing adjustments for specified domestic transactions under section 92BA were invalid following the omission of clause (i) by Finance Act 2017 effective 01.04.2017. Following Karnataka HC precedent in PCIT vs. Texport Overseas Pvt. Ltd, the tribunal ruled that the omitted provision rendered the AO's decision and TPO reference under section 92CA invalid and bad in law. The assessee's appeal was allowed, establishing that no transfer pricing adjustments could be made for specified domestic transactions post-omission. Case-Laws Income Tax Thu, 20 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313408