https://www.taxtmi.com/caselaws?id=753116 The ITAT Delhi held that no transfer pricing adjustment can be made for specified domestic transactions after the omission of Clause (i) of Section 92BA by Finance Act 2017. Following the Texport Overseas case precedent, the tribunal ruled that once a section is omitted, it is deemed to have never existed as law. The department's request for a Special Bench reference due to conflicting judgments between ITAT Mumbai and Delhi was declined. The assessment order was set aside and decided in favor of the assessee. en-us Wed, 22 May 2024 00:00:00 +0530 Fri, 24 May 2024 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753116 The ITAT Delhi held that no transfer pricing adjustment can be made for specified domestic transactions after the omission of Clause (i) of Section 92BA by Finance Act 2017. Following the Texport Overseas case precedent, the tribunal ruled that once a section is omitted, it is deemed to have never existed as law. The department's request for a Special Bench reference due to conflicting judgments between ITAT Mumbai and Delhi was declined. The assessment order was set aside and decided in favor of the assessee. Case-Laws Income Tax Wed, 22 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753116