https://www.taxtmi.com/caselaws?id=456551 A transfer pricing adjustment made for specified domestic transactions under section 92BA(i) could not survive after the omission of that clause by the Finance Act, 2017. Applying the binding view that an omitted provision without a saving clause is treated as never having existed, the Tribunal held that the reference to the Transfer Pricing Officer and the consequent addition based solely on section 92BA(i) were unsustainable. In the absence of any contrary jurisdictional High Court ruling, the Revenue's challenge failed and the deletion of the addition was upheld. en-us Wed, 22 Nov 2023 00:00:00 +0530 Wed, 31 Jul 2024 20:21:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456551 A transfer pricing adjustment made for specified domestic transactions under section 92BA(i) could not survive after the omission of that clause by the Finance Act, 2017. Applying the binding view that an omitted provision without a saving clause is treated as never having existed, the Tribunal held that the reference to the Transfer Pricing Officer and the consequent addition based solely on section 92BA(i) were unsustainable. In the absence of any contrary jurisdictional High Court ruling, the Revenue's challenge failed and the deletion of the addition was upheld. Case-Laws Income Tax Wed, 22 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456551